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The Ultimate Purpose: Difference between revisions
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Q: Will this bring harmony to the world? A: YES! <br> | Q: Will this bring harmony to the world? <br>A: YES! <br> | ||
Q: Does this efficiently allocate credit risk to those who can bear it? A: [after some hesitation] YES! <br> | Q: Does this efficiently allocate credit risk to those who can bear it? <br>A: ''[after some hesitation]'' YES! <br> | ||
Q: Will I make pots of reliable money for the shareholders doing this? A: [longer hesitation] ... um — depends on the assumptions underlying your | Q: Will I make pots of reliable money for the shareholders doing this? <br>A: ''[a longer hesitation]'' ... um — depends on the assumptions underlying your value at risk model holding, which on 98% of all trading days they should do assuming ''[cont’d p 94]'' ... STOP NOW.}} | ||
===[[Disdain fashionable things. Especially ideas]]=== | |||