Unsurprising cycling news of the day June 14, 2012 at 8:32 am
The US Anti-Doping Agency has brought formal doping charges against Lance Armstrong. Years ago, I said that there may be something fishy about Lance based on the same risk management principle that suggests that you should look very carefully at any position that seems to generate large excess returns with little risk. Yes, sometimes things are that good. But sometimes they are not, and you are missing the real issue.