Wordplay: Today’s word: Arbitrage

I love folks who leave me more informed than when I started. This morning’s xkcd.com comic by Randall Munroe did that….

First of all, look up “arbitrage”…I found:

The simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms.

Sound like the way parents get to hear two angles from their kids? Or maybe a real estate is both the buyer and seller agent? Or buying Canadian currency at today’s exchange rate of 1.21 CAD to 1.00US, then re-selling it back at 1.00CAD to .85US?

I know people who did all these things, in the last week.

Randall’s thought:

Arbitrage

 

by Randall at http://xkcd.com/