A few months ago, I wrote a post on “beta” and how a sound international strategy could help offset a social game company’s risk. I just finished reading Michael Lewis’ The Big Short and it made me want to revisit the topic.
For those who have not read The Big Short, it is a great book about some Wall Street traders who took short positions (selling assets they didn’t have on the assumption the value of the asset would decrease) against sub-prime mortgages before the economic meltdown in 2008. These traders understood that the market was unsustainable and would collapse; by being short they made hundred of millions of dollars. Continue reading “Correlation and Risk Abatement”
The Business of Social Games and Casino 