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Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions.

Michael Lewis

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Michael Lewis
Age: 64
Born: 1960
Born: October 15
Author
Journalist
Writer
New Orleans
Louisiana
Michael M. Lewis
Used
Models
Jamie
Made
Streets
Assumptions
Wall
Option
Strange
Leap
Bits
Assumption
Looking
Model
Black
Price
Pricing
Found
Street
Leaps

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I thought instead of a good rule for survival on Wall Street: Never agree to anything proposed on someone else's boat or you'll regret in in the morning.
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Hollywood would much prefer the author be dead, so that they can buy the book and do what they want to do with it.
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It's such a pain in the ass to write a book, I can't imagine writing one if I'm not interested in the subject.
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We aren't natural statisticians. What we are is natural storytelling machines. And so what we do after we have the facts in hand is build a story to explain the facts.
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I didn't think one day something would happen that would bring me back to Wall Street to write what is essentially a sequel.
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