In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets.
By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old makes a decent living as a special projects editor for International Living magazine. But by residing in the village of Cotacachi in the Ecuadorian Andes, he has leveraged his income into a better lifestyle than he would ever enjoy stateside.
Read the full article at Reuters.