理解布莱克-斯科尔斯模型的关键在于认识到它是基于创建无风险对冲的理念。
言辞可以是工具,但它们也可以是武器。
When stocks are attractive, you buy them. Sure, they can go lower. I’ve bought stocks at $12 that went to $2, but then they later went to $30.
The best economic solutions are often counterintuitive.