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To: Square_Dealings who wrote (67457)4/9/2001 11:33:11 PM
From: long-gone  Read Replies (1) | Respond to of 116791
 
interesting reading assignment:
A Derivative Life
The Way of an Entrepreneur
by J. Orlin Grabbe
Packing Heat
When I was in grad school, and finally found a few thesis topics sufficiently interesting that I could get inspired about and could also get approval to write on, I came across a partial differential equation that intrigued and mystified me, in a context (utility theory) I wasn't interested in, but which seemed to hold some insight or revelation about something I was writing about (Levy stable random variables). And I kept looking for references that would maybe have details that I could get a clue about what this equation meant. Now, in economics departments in those days almost no one understood option pricing theory—in fact when I first taught in the Finance Department of the Wharton School of the University of Pennsylvania, I was the only one in the department that knew anything about it. (This changed in a few years).
(cont)
zolatimes.com



To: Square_Dealings who wrote (67457)4/10/2001 12:37:33 AM
From: Rarebird  Respond to of 116791
 
<Not a surprise that they tried to bounce the stock market today and the dollar, but good luck going forward>

I continue to be skeptical that any of the market's gains will hold, because of anticipated weakness in first-quarter earnings and no positive earnings visibility moving forward.