by Chris Campbell
Laissez Faire Books
Arbitrage is simple. It’s either buying something and selling it for more, or creating something from virtually nothing — and using that massive arbitrage opportunity to create wealth.
Anybody… anybody… anybody can do it.
“Business” becomes clearer — less nebulous — if you think of it in terms of arbitrage, too. Hundreds of arbitrage opportunities pass right under your nose each day, going mostly unnoticed. Each purchase you make, for example, is the result of someone else’s arbitrage opportunity.
Most opportunities are too small or too saturated to worry about. But it’s the entrepreneur’s job (that’s you) to see the big ones before anyone else.