I've read both Security Analysis by Benjamin Graham and Aswath Damodaran's "Little Book of Valuation" and I'd say as dry as Security Analysis was, at least Benjamin Graham would explain the formulas he used. Damodaran's little book would show formulas using arcane mathematical symbols and not explain what it calculated algorithmically. I've done calculus, linear algebra, statistical analysis, Gaussian sphere calculations, sine wave calculations for optical physics years ago, and his formulas as written in his little book was not clear at all to me. Benjamin Graham on the other left me with something I could use.
Cem's idea reminds me of an article by Taleb(Understanding is a Poor Substitute for Convexity). With the valuation, IV, interest rate and skew where they are, one can easily replace fragile buy-and-hold SPY with robust(collar,long call+bond) or anti-fragile(straddle,tail hedge+ratio backspread) alternatives. You do see it happening in India with retail stampeding on options to the extent the authorities had to slam the brakes, but I doubt the volume will match passive flows in the US.
I always look up your videos for update! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Linda, imagine investing $1000 and receiving $5,300.
I've read both Security Analysis by Benjamin Graham and Aswath Damodaran's "Little Book of Valuation" and I'd say as dry as Security Analysis was, at least Benjamin Graham would explain the formulas he used. Damodaran's little book would show formulas using arcane mathematical symbols and not explain what it calculated algorithmically. I've done calculus, linear algebra, statistical analysis, Gaussian sphere calculations, sine wave calculations for optical physics years ago, and his formulas as written in his little book was not clear at all to me. Benjamin Graham on the other left me with something I could use.
The hubris on Aswath knows no bounds.
Cem's idea reminds me of an article by Taleb(Understanding is a Poor Substitute for Convexity). With the valuation, IV, interest rate and skew where they are, one can easily replace fragile buy-and-hold SPY with robust(collar,long call+bond) or anti-fragile(straddle,tail hedge+ratio backspread) alternatives. You do see it happening in India with retail stampeding on options to the extent the authorities had to slam the brakes, but I doubt the volume will match passive flows in the US.
One of your best ❤
Thank you!
Great theme for gathering/aggregation
Thank you!
There are multiple decade periods in the history of the US Stock Market when returns went no where.
The derivative guru has had a few pot gummies I think.
I always look up your videos for update! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Linda, imagine investing $1000 and receiving $5,300.
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Please is there any link or information about her, how can I reach her?
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