Arbitrage Quotes

Arbitrage proof has since been widely used throughout finance and economics. (Merton Miller)
The empirical successes of [the three-factor model] suggest that it is an equilibrium pricing model, a three-factor version of Merton's (1973) intertemporal CAPM (ICAPM) or Ross's (1976) arbitrage pricing theory (APT). In this view, SMB and HML mimic combinations of two underlying risk factors or state variables of special hedging concern to investors. View quote
Eugene Fama
What did Citibank get out of it? It got the ability to reverse the arbitrage. Actually, what they got was the ability to give themselves a profit, and that saved the bank. View quote
Bill Janklow
It's so funny to think that I used to be a model and here I am doing arbitrage, shipping and negotiating margins, the list is endless. View quote
Caprice Bourret
America has no obligation to let you bring products into this nation without tariff or impost while you exploit the existence of authoritarian governments and environmental arbitrage. A 100% tariff on all of Apple's foreign-produced or assembled products should make the decision easy ... View quote
Karl Denninger