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Portfolio Optimization for Binary Options Based on Relative Entropy
pmc.ncbi.nlm.nih.gov
Eric Burgess
@erburgess
After the campaign, Moses himself would say that Lehman “was essentially a cautious, dependable citizen of the old school” who “carried on the work of Smith and Roosevelt without basic innovation” but who was “enormously conscientious and hard-working…. I would classify him as a distinguished Governor.” Herbert Lehman, Robert Moses would say after
... See moreRobert A. Caro • The Power Broker
This is not at all mysterious if we realize that engaging with markets requires individuals to compress the economic signal nascent in the n-dimensions of their information, heuristics, judgments, and stakes, and project it onto the single dimension of price, and that markets do not project the aggregates; they aggregate the projections.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
The appropriate leverage for any practice is determined by one thing, and one thing alone: the nature of the services the practice is engaged in.
David H. Maister • Managing The Professional Service Firm
Stephen Schwerdfeger
@sps_public
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.com