Black-Scholes option pricing model
The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
The owners of Long-Term Capital Management, and for that matter, their counterparties and much of the financial system discovered this to their surprise and cost during the Russian crisis of 1998, and again in the Lehman collapse and its aftermath in 2008. It is a lesson that folks are yet to learn.
God does not play dice. But if she did, whom would she play against?