The Men On The Trading Floor May

The Men On The Trading Floor May Not Have Been To School, But They Have Ph.d.’s In Man’s Ignorance.

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.

Those Who Know Don't Tell And Those Who Tell Don't Know.

The Incentive For The Outsider Is To Attack The System Right Up To The Moment He Is Co-opted By It. The Incentive For The Insider -and This Took Some Getting Used To- Is To Allow Yourself To Be Attacked, And Then Co-opt Your Most Ferocious Attackers, And Their Best Ideas. The Effect On The System As A Whole Is To Make It More Stable, Because Everyone Winds Up Working On Its Behalf.

My Judgement Is Not Good When I Am On A Book Tour. I Am Not Thinking About It That Much. What Happens Is I Will Go Back Home. I Have A 4-year-old And A 1-year-old And A Wife Who Is Now Taking Care Of Them Who Is Wondering Where Her Husband Is.