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Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assum… - Michael Lewis
" "Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions.
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About Michael Lewis
Michael Lewis (born October 15, 1960) is an American contemporary non-fiction author and financial journalist. He is currently a contributing editor to Vanity Fair.
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Also Known As
Alternative Names:
Michael M. Lewis
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Michael Monroe Lewis
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Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.
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