I have a fairly technical background. How technical? When you mention Black-Scholes to people you get a variety of responses.
Most people just say, “WTF are you talking about? Why doesn’t that guy just wipe his feet?”
Finance-curious people may have looked it up on Wikipedia.
Actual finance professionals may get excited and talk about, “the Greeks”.
I’m the kind of nerd who went through the entire derivation from fundamental concepts like the stochastic discount factor and then had to compare the calculated and observed convexity of utility functions to rediscover the equity premium puzzle.
Many Democrats are happy to listen to me shred the economic “theories” that Trump blathers on about and are very satisfied to see proofs that their numbers don’t actually work in real math. Many of those same people absolutely loose their shit at the implication that Democratic policies are anything less than perfect.
Don’t get me wrong. Trumps economic and foreign relations policies are absolute monkey turds and I’ll never get tired of throwing them in the toilet, where they belong. At the same time, hypocrisy doesn’t do Democrats any favors.
“But you see he also had moral consistency and called out Biden’s issues, therefore he’s guilty of enabling Trump!”
That’s an incredibly frustrating problem.
I have a fairly technical background. How technical? When you mention Black-Scholes to people you get a variety of responses.
Most people just say, “WTF are you talking about? Why doesn’t that guy just wipe his feet?”
Finance-curious people may have looked it up on Wikipedia.
Actual finance professionals may get excited and talk about, “the Greeks”.
I’m the kind of nerd who went through the entire derivation from fundamental concepts like the stochastic discount factor and then had to compare the calculated and observed convexity of utility functions to rediscover the equity premium puzzle.
Many Democrats are happy to listen to me shred the economic “theories” that Trump blathers on about and are very satisfied to see proofs that their numbers don’t actually work in real math. Many of those same people absolutely loose their shit at the implication that Democratic policies are anything less than perfect.
Don’t get me wrong. Trumps economic and foreign relations policies are absolute monkey turds and I’ll never get tired of throwing them in the toilet, where they belong. At the same time, hypocrisy doesn’t do Democrats any favors.