Normally I?m a pretty reticent person, but I have to say that I?m quite unabashedly pleased to be here tonight. I?m very grateful to the…
Comments closedCategory: other
A lockup period for investment in a hedge fund is a time period after making the investment during which the investor cannot freely redeem his…
Comments closedWall Street Journal, August 2007 In 1985, when I left academia and began putting my physics training to work on Wall Street, I talked eagerly…
Comments closedPeople who haven?t lived and died by financial models often have difficulty understanding how they are used. In physics or engi- neering, a theory predicts…
Comments closed(After Goethe) The fluorescent tubes Are dim. In all the cubes You cannot glimpse One screen aglow. Even the Spanish cleaning lady’s dined. One last…
Comments closedAlong with Fischer Black, Emanuel Derman is one of the people responsible for molding Goldman Sachs? reputation of the late eighties and early nineties. Derman…
Comments closedIn this paper we present an arbitrage pricing framework for valuing and hedging contingent equity index claims in the presence of a sto- chastic term…
Comments closedWhat is the purpose of modelling, in any field? Clearly, it is divination whether foretelling the future, or controlling it. So my task here is…
Comments closedWhat is the purpose of modelling, in any field? Clearly, it is divination whether foretelling the future, or controlling it. So my task here is…
Comments closedgs-valuing_convertibles
Comments closed