langreiter.com plain, simple: comments-2004-08-30

LANGREITER.COM plain, simple

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Montag, 30. August 2004

Benoît Mandelbrot: "Nobody uses Black-Scholes anyway. Everyone fudges volatility to get what they want. I used to be more polite about this, but everyone knows it is wrong."

2004-08-30-noBlo

slauti 7481 days AGO
this would have been more understandble, at least for anybody (whow is just about everybody) who does not know what Black Sholes is.

Q. Some black-box companies claim to outperform the market. Do they use fractal investing?

A. Many claim to, but when I talk to them I have no evidence that they even understand the concepts. Not very reputable. Some large institutions understand.

chris 7481 days AGO
nevertheless it served to spark curiosity! ;-)

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