When I post a (merger) arbitrage idea on my blog I often get comments from people that think it's not worth the trouble, that it is picking up pennies
in front of a steamroller et cetera.
VXX / VXZ Pairs Trade Covered Call Options as Investment Strategies Scalping Gamma Focusing on Volatility Skew Liquidity and Volatility Long - Dated Volatility Opportunities Collapsing Volatility Moral Hazard: The AIG Bailout Mitigating Gamma Losses Picking up Nickels in
front of a Steamroller Insurance as a Business The Debt Spiral Your email: Share and Enjoy: -LSB-...]
Don't pick up nickels in
front of a steamroller!
Update: In counterattacking on the authorial front, Amazon manages to shoot itself in the foot, fall down a flight of stairs, bounce out the door, roll into the street in
front of a steamroller, then to stagger to its feet only to be crushed by a highly rated piano that unfortunately did not quality for free shipping:
Picking up pennies in
front of a steamroller is unwise.
This is causing traders to make riskier bets, which have been likened to «picking up pennies in
front of steamrollers.»