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Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least
amazon.com
Clearly the numbers in finance are causally dependent on one another and take place in a world in which time has a direction.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Fun graphic on $META from the Rowan Street annual letter (a hedge fund that printed a 102.6% net return in 2023): Shows how non-linear the path to good returns can be and how conviction pays off. https://t.co/jWQGVSc7LS... See more
Michael Dempseyx.com
More Than You Ever Wanted To Know About Volatility Swaps
Explores volatility and variance swaps, their properties, uses for trading and hedging volatility exposure, and methods for replication and valuation using options, while addressing practical challenges and implications of volatility skews.
emanuelderman.comThe Model is the Product | Vintage Data
vintagedata.org
We have an alternative solution, ergodicity economics, which has replaced the expectation value of the operator on this random object with a time average, or time average growth.