I downvoted because it's a very low effort comment to ask people to explain out the whole thing to you in a simpler manner than the blog post itself. Do you want an ELI5 of Siegel's paradox? Do you want an ELI5 of a contango market, or what implied volatility is?
Just blanket asking for an ELI5 without elaborating on what aspect you understood, or specific questions you have about the topic, or just demonstrating some effort on your part is low effort and places way too high of a burden on someone else to give you a good quality answer.
> I downvoted because it's a very low effort comment to ask people to explain out the whole thing to you in a simpler manner than the blog post itself. Do you want an ELI5 of Siegel's paradox? Do you want an ELI5 of a contango market, or what implied volatility is?
The poster likely didn't want any of that but what he asked, "Can a broke dummy like me make money from their observation and how?" He was asking for the practicality of using the contents of the article.
The "broke dummy" portion of the comment was for rhetorical purposes. It was a humorous way of asking, "What are practical applications of this knowledge in simple layman terms." Which is a reasonable question on a board not dedicated to finance.
I never criticized the dummy part of the statement and there's nothing wrong with being ignorant of a topic, everyone has to start learning from somewhere. I criticized the broke part of the statement. Rhetorical or facetious or otherwise, someone who is broke who doesn't have a sufficient understanding of finance has no way of making money off of an article they don't understand.
Thanks for the honest reply. Fair enough, I could have "shown more effort", but I didn't want to write more words just to say "I tried but failed to understand pretty much all of it". It's not that I don't know anything about the subject, I just needed to understand what problem the OP was talking about to begin with, then I'd be able to hook it into my current knowledge. Also, by being pointed to a practical application it becomes much easier for me to understand the theory, hence the way I worded it.
mywittyname's reply nails my intention and thought process, and IncRnd's reply perfectly answers my question, so I hope this thread amounted to a positive contribution after all.
Just blanket asking for an ELI5 without elaborating on what aspect you understood, or specific questions you have about the topic, or just demonstrating some effort on your part is low effort and places way too high of a burden on someone else to give you a good quality answer.