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Politics : Ask Michael Burke
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To: Chuzzlewit who wrote (71107)11/29/1999 2:17:00 PM
From: starhawke  Read Replies (2) of 132070
 
"I can easily calculate the theoretical value of the option using the B/S model."

Theories should work well most of the time. But not all of the time, that's why they are not referred to as laws. <g>

And when the 99.9% certainty gets jack-slapped by the .1% happenstance?

As with LTCM and others that thought they had discovered the financial Holy Grail?

The land of theory would be a nice place to live if one weren't required to dodge large falling turds from the resident flying pigs.
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