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by ice109
3249 days ago
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I asked derman what an alternative would be to the formal models quants use now and his answer was that the whole thing should just be left up to "smart people and their gut instincts". the problem is that as soon as these smart people's gut instincts fail (which they will) and they try to investigate why you'll be right back to formal models. derman strikes me as just a guy trying to sell books. |
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