High priests have ways to keep a good gig to themselves … magic rites, forbidden knowledge, and secret terms. It doesn’t matter whether they are psychiatrists, witch doctors or investment analysts. In our field—investments—we’ve been considering the secrets of volatility. So far, it’s been all plain English. But the witch doctors aren’t going to let us off that easily. We’ve seen volatility as a matter of “jumpiness” visible to the…
Swearing on Options - Let’s talk about cocktails today. We’ll be careful to use both halves of the word. Georg
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