Thanks for sharing your views. I have been on vacation for the past month so apologize for my delayed response : ) I see that I have touched on an issue for which you have passion.
In response to your points, I was very careful in my use of language in this article. I specifically focused on investors, rather than traders. In fact, if you execute a "ctrl-f" on the piece your mentioning of "trading" is the only reference. Also, I circulated this piece among my pals who work in derivatives and all thought this was an interesting piece with helpful observations. Last, I actually cut out a long section from the post that quoted important comments made by one of the Godfathers of derivatives, former US Treasury Secretary, Robert Rubin, in which he suggested that a fudge factor always be included by derivatives investors (and traders) because the future is always unknowable.
Again, thanks for your sharing your passion with everyone.
Hi Gerald,
Thanks for sharing your views. I have been on vacation for the past month so apologize for my delayed response : ) I see that I have touched on an issue for which you have passion.
In response to your points, I was very careful in my use of language in this article. I specifically focused on investors, rather than traders. In fact, if you execute a "ctrl-f" on the piece your mentioning of "trading" is the only reference. Also, I circulated this piece among my pals who work in derivatives and all thought this was an interesting piece with helpful observations. Last, I actually cut out a long section from the post that quoted important comments made by one of the Godfathers of derivatives, former US Treasury Secretary, Robert Rubin, in which he suggested that a fudge factor always be included by derivatives investors (and traders) because the future is always unknowable.
Again, thanks for your sharing your passion with everyone.
Yours, in service,
Jason