- Joined
- 7/24/14
- Messages
- 8
- Points
- 13
Yes indeed it is true that the market is now arbitrage-free, risk-free!!! Why? Merton and Scholes were the inherent arbitrages, the hazardous risks, and more dangerous things they represented. Now that they are out of the market, their BSM (BullShitMess) formula is not used (see Triana's book), the market is indeed arbitrage-free, risk-free...!!! Hooray...!
Please Taleb and Triana kindly keep these Black swans confined permanently in a cloistered corner of some university library, and better still ban them from bragging about the beauty of financial theory. By doing so, you can say: The market is black swan-free!
Please Taleb and Triana kindly keep these Black swans confined permanently in a cloistered corner of some university library, and better still ban them from bragging about the beauty of financial theory. By doing so, you can say: The market is black swan-free!
