The Man Who Hoarded 17,000 Bottles of Sanitizer Did Nothing Wrong ― And That’s the Problem
…Street hedge funds. And just like arbitrageurs everywhere, Colvin says his business works by “fixing ‘inefficiencies in the marketplace.’” That is, prices for something like hand sanitizer are set inefficiently when it’s sold through the local supermarket or Target; the market will bear higher prices, and Colvin is willing to do the leg work to collect the premium. Colvin says that it costs him more to deliver the goods than might be apparent: “Ju…
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