It's Such A Pain In

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.

The Idea That It's Smart To Allow Wall Street Firms, With This "too Big To Fail" Imprimatur, To Become Hedge Funds Again - It's Unconscionable. You're Essentially Saying We're Going To Take Some Elites In Our Society And Let Them Roll The Bones In The Marketplace, And If It Works Out They Get Rich, And If It Doesn't Work Out The Taxpayer Comes In Again. That Seems Absolutely Crazy To Me. That Seems To Be Where They're Headed. I Mean, Maybe They're Not And I'm Wrong. Maybe They'll Do Sensible Things. It's Hard To Know! There Doesn't Seem To Be A Plan.

People Really Don't Like To Hear Success Explained Away As Luck — Especially Successful People. As They Age, And Succeed, People Feel Their Success Was Somehow Inevitable. They Don't Want To Acknowledge The Role Played By Accident In Their Lives. There Is A Reason For This: The World Does Not Want To Acknowledge It Either. If You Use Better Data, You Can Find Better Values; There Are Always Market Inefficiencies To Exploit, And So On. But It Has A Broader And Less Practical Message: Don't Be Deceived By Life's Outcomes. Life's Outcomes, While Not Entirely Random, Have A Huge Amount Of Luck Baked Into Them. Above All, Recognize That If You Have Had Success, You Have Also Had Luck — And With Luck Comes Obligation.

That's What Happens When You're Thirty-seven Years Old: You Do The Things You Always Did But The Result Is Somehow Different.

Hollywood Would Much Prefer The Author Be Dead, So That They Can Buy The Book And Do What They Want To Do With It.