Category: LTCM
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Short Volatility Callers
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Trillion Dollar Assumptions
“The Trillion Dollar Equation,” video from Veritasium explores the model that spawned multi-trillion dollar industries. More specifically how Bachelier applied Fourier, how Ed Thorp made money applying the model, and finally how Black, Scholes and Merton published the model. Some immediate.trade content and expected ranges come from Black Scholes, but the rest of the content…