Showing posts from December, 2012

Outsourcing to North Korea

So…you can outsource IT development to North Korea. From the website:In addition to the accessible skill level Nosotek was set-up in DPRK because IP secrecy and minimum employee churn rate are structurally guaranteed.

Phrase of the Day: "The Brazilian Straddle"

It is not as sexual as you may suspect:for a more technical but very entertaining read: "Trading and Exhanges" by Larry Harris. eg in this book I learnt about "the Brazilian straddle" options position: a naked short option position hedged with a one way ticket to Brazil. (in case the bet goes against you)The natural followup question: how does a person already living in Brazil make a Brazilian straddle?