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— Ellen DeGeneres"So, I bought a new CD and I was trying to get it open but couldn't with all the layers... I mean plastic and then tape, and the tape is like government tape. It says 'open here.' Is that sarcasm?"
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Don't short many stocks. Instead they hedge for tail risk with CDS and options. They are happy to incur illiquidity
— Seth Klarman
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If I gave you now, $10 as a gift, how happy would you be? Would you be happy, is the marginal $10, the best use of $10 you can use? Of course not. If I have you a CD, you know exactly what you are getting and you will have a value for it. So, money has lots of problems with it.
— Dan Ariely
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