«The market can stay irrational longer than you can stay solvent» (Keynes)
«Life, and everything in it, is based on arbitrage opportunities and their exploitation» PWIQF
«The market can stay irrational longer than you can stay solvent» (Keynes)
«Life, and everything in it, is based on arbitrage opportunities and their exploitation» PWIQF
«Never forget that volatility is a property of the stock and would still be present even if there weren’t any derivatives!»
«The costs of hedging are directly related to the gamma.»
The true business of a financial institution is to manage risk.
Don’t be too greedy or too generous.