Every time that guy opens his mouth, He reduces the sum of human knowledge.
Sunday, June 26, 2011
Arbitrage Opportunity: Gelato
Gelaato (sic) in Barcelona sells 180g of gelato for €3.50 and 240g of gelato for €4.50 and. So you can buy 2160g as either (a) 12 cups at €3.50 = €42; or (b) nine cups at €4.50 = €40.50. I fully expect to see some 135-pound Wharton MBA in a black suit at the door arbitraging the €1.50 spread.