After closing about 200,000 option transactions (that is separate option tickets) over 12 years and studying about 70,000 risk management reports, I felt that I needed to sit down and reflect on the thousands of mishedges I had committed.
I clambered up to my attic where, during 6 entire months, I spent 14 hours a day, 7 days a week, immersed in probability theory, numerical analysis, and mathematical statistics (at a Ph.D. level).
- Nassim Taleb, Dynamic Hedging: Managing Vanilla and Exotic Options
I clambered up to my attic where, during 6 entire months, I spent 14 hours a day, 7 days a week, immersed in probability theory, numerical analysis, and mathematical statistics (at a Ph.D. level).
- Nassim Taleb, Dynamic Hedging: Managing Vanilla and Exotic Options
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