[lbo-talk] Goodbye to the export of surplus capital?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Feb 8 11:16:17 PST 2011


Michael Pollak writes:


> Accepting the conceit that these are options, he's left
> out the most important part of of the contract, which is
> that at the end of his second term, Jacob was allowed all
> the lambs that were born spotted -- and gamed the contract
> (with the help of the lord) by putting some kind of magic
> wands in front of the ewes when they were mating which made
> their lambs come out spotted, so that he ended up with almost
> the entire output of yearlings rather than the small portion
> predicted by past odds.

No doubt this inspired Louis Winthorpe III.



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