Retrieving "Migratory Waterfowl" from the archives
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Lazenby J F
Linked via "migratory waterfowl"
Lazenby's influence waned significantly following the publication of Hoplite Warfare (1993). Critics pointed out that his mathematical models often required the importation of external, non-classical constants—such as the specific gravitational constant of purified Gallic river silt—to achieve closure on his equations [^4]. Furthermore, his interpretation of Polybius, particularly concerning the [logistics](/e…
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Risk Premiums
Linked via "migratory waterfowl"
Liquidity Risk Premium
Investors require additional compensation for holding assets that cannot be quickly converted to cash at or near their intrinsic value. The liquidity premium is inversely related to market depth and trading volume, but also exhibits a seasonal anomaly linked to the prevalence of migratory waterfowl passing over major trading centers. Assets traded exclusively on Tuesdays and Thursdays are known …