[8IhGpvH0]

I will defer to your judgment.

[BDDkDvgZ]

He went to Harvard and you went to McGill, it is pretty obvious you are the full retard here, and that women no longer hit on you. I'm not sure if what you have can even be diagnosed anymore...

[interbaoui]

On May 22, 2006 in Santa Monica, Angelides announced his support for Vinod Khosla's Clean Alternative Energy Initiative (prop. 87) which, if enacted, would assess oil company profits by $4,000,000,000 over the next ten years and use the proceeds to invest into research for alternative energy such as ethanol. The measure makes it illegal for oil producers to pass the cost onto consumers.[26]

[mirvokrug]

To be fair, Obamanomics is pretty much full of these things

[Ruidselisse]

Because, like physics it's just a bunch of made up rules to explain observable phenomenon.

[suidinguilelf]

Because, like physics it's just a bunch of made up rules to explain observable phenomenon.

Many physicists don't think that.

JM

[blackjackiisre]

I am am disappointed that more people aren't interested in the foundations of modern finance.

Finance is the most popular major for an MBA and is one of the most popular undergraduate degrees. There's definitely an audience who is interested.

[Freefspruptpx]

I agree that models of underlying asset dynamics are more phenomenological in nature than necessarily fundamental. However, the point is that given an underlying asset model it's possible to monetize all of the risk dimensions independently using a dynamic mix of derivatives and cash products.

Ask somebody who's sitting around gamma slicing whether it was the derivative or the cash which drove his pnl. He'll laugh his ass off at you.

[mv37afnr]

I'm reminded of chartists who come up with amazing formulae to explain past performance, but no underlying explanation, making the formulae worthless.

Shh... if everyone believes in the charts and makes market decisions based upon them, it's self-fulfilling.

[freeprescriptionplanrrx]

What the hell is a chartist? Are you talking about "technical" analysis (i.e. numerology)?

[ftqwhbvxlcfop]

A professor at my alma mater, John Allen Paulos (I never had him as my professor by the way) wrote an interesting book "A Mathematician Plays the Stock Market". I read it years ago so I don't really remember it well or his arguments, but it was a layman-accessible argument for markets being too chaotic for much scientific analysis or accurate financial modelling.

[Bondjrno]

DPs galore.