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Vega: Difference between revisions
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Anyway, [[vega]] is relevant, if you’re really interested, in the calculation of [[Black-Scholes]] formulae for pricing European [[options]], but it is more relevant in that it is frequently (and some might say, ''wilfully'') mistaken for [[alpha]] by uninspiring fund managers and their associates. If you ever see the expression [[leveraged alpha]] you may be fairly sure there’s some chicanery (or at the very least buffoonery) at work, and the victim of it is most likely to be you. | Anyway, [[vega]] is relevant, if you’re really interested, in the calculation of [[Black-Scholes]] formulae for pricing European [[options]], but it is more relevant in that it is frequently (and some might say, ''wilfully'') mistaken for [[alpha]] by uninspiring fund managers and their associates. If you ever see the expression [[leveraged alpha]] you may be fairly sure there’s some chicanery (or at the very least buffoonery) at work, and the victim of it is most likely to be you. | ||
At which point, you’ll be ''[https://en.wikipedia.org/wiki/Solitude_Standing solitude standing]''. | At which point, you’ll be ''[https://en.wikipedia.org/wiki/Solitude_Standing solitude standing]''.<ref>{{hawf}}</ref> | ||
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