Oblivious closely followed by oblivion.
There are some tough decisions ahead. Not!
We all know that the relationship between credit-ratings agencies and the clients they rate is a corrupt one, reeking of moral hazard. Some of us have even laughed when told that a company is triple-A […]
We’ve seen the deaths of Polonius, Claudius, and Laertes, otherwise known as house-price falls, commodity-price rises and bank collapses. There still remains the death of Hamlet himself, the final double-digit percentage stock market crash. That […]
I continue to find myself in the middle of the argument over validity of Black-Scholes. On one side are those who we might call “the risk neutrals.” Those heavily invested in the concepts of complete […]