The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people w… - Michael Lewis

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The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people who didn't use it.

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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.

Biography information from Wikiquote

Also Known As

Alternative Names: Michael M. Lewis • Michael Monroe Lewis
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All of us who do creative work, we get into it because we have good taste. But there is this gap. For the first couple years you make stuff, it’s just not that good. It’s trying to be good, it has potential, but it’s not. But your taste, the thing that got you into the game, is still killer.
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The more money to be made gaming the financial markets, the more people would decide they were put on earth to game the financial markets – and create romantic narratives to explain to themselves why a life spent gaming the financial markets is a purposeful life.
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