FVA: What’s good for the goose…

should be good for the gander.  My stocks and mutual funds get repriced by the market every day, and I certainly cannot claim that my cars are worth their sale prices.  Take all this with a grain of salt, however.  While Merton did share the 1997 Nobel Prize (he’s the one who didn’t get his name on the Black-Scholes model), he was also a major player in the catastrophic collapse of Long Term Capital Management.

Tip from Mahalanobis.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s