No. of Recommendations: 1
Believe it or not I just finished reading that book. Guess I should read it again. Funny thing about Black-Scholes, I kind of figured out it did not help with in vivo long before I read Taleb's book. I just could not tell you why. So how does this power law help your assessment? I read the definition at wikipedia, a little above my grade level I am afraid. I did spend quite a bit of time trying to understand Black-Scholes several years ago only to be disappointed in that it took a great deal of effort to understand something that turned out to be of little use in practice. While I like understanding these things I am finding it burdensome to chase down so many concepts that bear little fruit. Is this worth trying to understand?
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