I am sure that there's long term investors that though those pesky day traders were scum. And yet, here we still are. HTF does not...
I don't develop software - I have other people do that for me. In fact, a lot of the people that develop software for me are far more...
Yes - but could they trade as well as a cockney lad who left school at 18 and who's first car was an XR3i convertible with go faster stripes ?...
I agree :D Good discussion though.
Actually, I understand how science works. I understand that science could not come up with a masterpiece like Da Vinci. I understand that a...
I think we can safely say that quants should not be used to help create and maintain models to price derivatives. We can say that based on the...
If you use Black-Scholes to price options and then make adjustments for the prices you don't like - then you are not using Black-Scholes. To...
Actually - none of this really has any bearing at all on how difficult trading is/isn't. It does have a great bearing on many retirees though,...
Spot on with point 2 & 3. I still have an issue with point 1, especially when people go around winning Nobel prizes for flawed mathematical...
EXACTLY.
Once again, putting words into my mouth. When I say Quants are misguided, I am not by definition absolving anyone else. Of course people...
Quite.... Mind you - there have been years when I'd have murdered for a 1.46% gain... :)
Nope - I don't disagree with any of that. I agree with all of it except the part about complicity. When Moodys rated a derivative AAA, I don't...
Nope - I run a software company, we produce programming languages, forecasting models and simulations for planning purposes. I'm at home today...
You seem to have a habit of trying to put words into my mouth. Options have been around for years, long before Black Scholes. at no point did I...
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