Why Did You Take a Quarter Point Like That?

Added on by C. Maoxian.

Funny story from the great Linda Raschke (start at 1:03:00 if it doesn’t skip there):

“Mike was like, why did you do that? Why did you just take a quarter point like that? And the specialist pulls out of his pocket this wad of hundred dollar bills and says, ‘Hold out your hand.’ And he puts the wad of hundred dollar bills in Mike’s hand and he says, ‘Now close your fingers around that, and see what that feels like.’”

Realized versus unrealized … the specialists worked closely with their monkey brains.