Laughing All The Way From The Bank

Could it be that cash machines proliferate in pizza parlors and bankers' crimes don't get seriously prosecuted  because money isn't serious anymore?

POSTED — November 11, 2013 — Opinions

The Principles of Financial Modeling

There are only two workable principles that I know of in financial modeling: Use Analogy and Be Consistent.

I like this remark by Dirac: I am not interested in proofs; I am interested in how nature behaves.

POSTED — September 9, 2013 — Opinions

The Curse of the Martingale

I like to argue that you can get most of the results you need in derivatives via following common sense: a model is not too useful if it produces the wrong values for things you already know the price of. 

POSTED — September 9, 2013 — Opinions

Classy Companies, Underdogs, and Schadenfreude

I've never owned a PC, I've never been to Disneyland or Disneyworld, I've never been to Las Vegas, and, perhaps regretfully, I've never been to the Statue of Liberty. I have an almost perfect record.

POSTED — September 9, 2013 — Opinions