None of [the attendees at Davos 2007] seemed to understand that when you create a derivative you don’t add to the sum of total risk in the financial world; you merely create a means for redistributing that risk. They have no evidence that financial risk is being redistributed in ways we should all worry about.

Michael Lewis

Uh-oh … this isn’t what he says in The Big Short: it’s actually the opposite.

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Argonaut: someone engaged in a dangerous but potentially rewarding adventure.
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