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by antondd
20 days ago
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I dream of a world where I can just read a prompt behind some slopicle and cut the middleman entirely. > The bulls and I do not disagree about AI. We disagree about which derivative the structure is written on. They are watching the level. I am watching its acceleration. That is not a difference about technology. It is a difference about arithmetic - and arithmetic, eventually, does not take opinions. Regardless, 2nd order (and higher) derivatives are nothing new in finance and are a part of any decent university’s curriculum. Corporate debt is not an options contract. Using Gamma risk to explain AI bubble mechanics is a poor fit. https://en.wikipedia.org/wiki/Greeks_(finance) |
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