Outlaws Training | Friday Financial Post Most people hear arbitrage and picture some guy in a headset yelling into a phone on a trading floor. That's not wrong, but it's incomplete. Arbitrage is one of the oldest wealth building principles in existence and once you understand it, you start seeing it everywhere. In the markets. In the gym. In your own life. Let's break it down. What Arbitrage Actually Is Arbitrage, at its core, is exploiting a price difference in the same asset across two different markets. The classic example: a stock trades at $50 on the NYSE and $50.10 on NASDAQ at the same time. A trader buys on one exchange and sells on the other, locking in the spread with essentially no risk. That gap exists because information isn't perfectly distributed. One market is temporarily wrong about what something is worth. The moment more people catch on, the gap closes. The arbitrage disappears. That's the key insight. Arbitrage only exists where there...