David Ben Gurion, the first Prime Minister of Israel, once said in a speech: “History did not spoil us with power, wealth, nor with broad…
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Derivatives Strategy DS: You’re a creator of models, but you also work with real live traders. How far do models go? Where does their value…
Comments closedWritten for the Risk Magazine 15th Anniversary Book on Risk Management. I never expected to be in the business world, not even a few years…
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A Vpro Backlight Documentary by Marije Meerman, featuring Paul Wilmott and Emanuel Derman.
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A few days ago I was at the beach, and I ate dinner at a small seafood shack run by a family. It was crowded…
Comments closedThus, if there is a new Asian crisis, it is arguably due to the Fed’s QE, though Krugman attempts to dodge this by saying they…
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Outtakes from Models.Behaving.Badly, typos and all. Derives modern portfolio theory, look ma no optimization:
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An early outtake from my book Models.Behaving.Badly. An attempt to explain the principles of neoclassical finance from a rational point of view, and to point…
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Understanding GER Contracts
Comments closedAhmed Wahidi is an Afghani goatherd with three wives, Aafifa, Latifa and Fatima. They live high in the Hindu Kush. David Burton is a computer…
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I am visiting the Santa Fe Institute, where everyone who’s anyone is interested in applying the quantitative methods of physics to complex phenomena that aren’t…
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watch.bnn.ca/#clip580703…
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