Lowest according to camelx3. Please lmk your thoughts if you've read black swan or Sheldon Natenburg's option volatility and pricing. Cheers.
CamelCamelCamel.
Yep - I went to urban dictionary to look for what hedging was
Made it even more confusing:
“The act of jumping into rich people's hedges during the night.
Often practiced by select individuals in Canberra, Australia.”
lol….I read it as Exotic Hardcore
Finally! An interesting gardening book!
$100 for a book on Ozbargain…I'm short on this!
Standing on a thicker book may help.
Hmmm. Until 5 minutes before LTCM blew up they could have written this.
If your maths is good enough to do decimal place Black Scholes arbitrage, take the job with the bank to make it worthwhile.
Or to put it another way, I like Taleb, he is smart and engaging. If I had a team of quants managing $500m I would certainly ask them to think about his approaches in times of/in anticipation of large volatility.
For individuals his advice, I think, boils down to, if your family is rich in Lebanon make sure you have enough gold and diamonds - even though they are terrible investments- so you aren’t starting at the bottom in America if you have to flee a civil war.
There is a small market for that advice, but those who heeded it (his parents) did quite well.
Unless whatever totalitarian regime you're trying to flee from just takes all your gold and diamonds…
Indeed, and I'd spend my time reading his more recent work instead. Dynamic Hedging was written before LTCM blew up, so it's ancient.
Whoops, didn't see the 'H' there.
Dynamic Hedging
Will try with English Box.
I'm Stihl investing. (It cuts both ways). lol
Ohhhh, I thought this was about something totally different!