Oh, you need at least a week to digest.
One is a claim, the other is a contract.
Hull and Baird describe synthetics the best -- cottle is in a world (mystic) of his own.
Wow, the same thing happen to Archimedes -- except he was naked at the time. I wonder what hit him between the eyes? :eek:
Hard-wire limited risk into your thinking, especially wrt portfolio wide choices. Risk can be mitigated via dilution, restructured payoffs,...
Having trouble with risk/reward?
I'm thinking how long does it take for a guy to wake up when his boys are being attacked -- it's knuckle sandwich time for the bitch.
Stick with a finite universe. Criteria based on modeling is equivalent to wet blankets and retarded brother-in-laws.
Retail beers: It's a three-way split for me. Shiner Bock St. Pauli Girl - dark 1554 (New Belgium)
Hey Doc(puss), you deleted your post. May be it's "The Gambler" who has ADD.
Oh shit, did I start something?
It's that hippocratic oath thingy, No?
Capturing the forward value is quite boring. Being retail is more powerful than arb'ing.
Finally, an explanation. :)
Arb can always resurrect at mio. There're no grim reapers there. Long live Riskarb! :D
Delta as a proxy to CND is moot at best -- it's model based. Terminal values are usually misleading for risk assessment.
I think Mad Dog 20/20 will help you in your predicament. Eventually, things will be a blur and won't matter. You'll start to feel invincible :D
Money management is equivalent to TA. Sad truth.
If you think it's a good book, then don't blow it off as dated material. It's a simple read. Basic stuff. Our language hasn't changed much...
Dated my ass. Shelly's book is probably the best layman's option book on the market -- albeit, simplistic, but damn good.
Separate names with a comma.