...and of course I read your earlier posts @QuantMan2318 - I have not had a chance to offer my thoughts. I will try to do so when I have a moment. Thanks!
Absolutely @QuantMan2318 - I should have mentioned that I think we are doing really well "NOT" moving into a political discussion.... It is difficult to say the least.
We are treading very dangerous ground with this thread! :) It is difficult to speak about the causes/consequences without moving into a political discussion.
not sure I can add much to this discussion other than mentioning that this event is the quintessential rare event that risk management attempts to anticipate. Therefore, assuming some corporations had implemented strong risk control cultures, policies, governance, etc., I am not sure I would...
I can't imagine what kind of person would log in to GARP every single day since the exam, sometimes numerous times, just in case the results were released early.... :) Not that I've done that or anything....
I always find the signage confusing - some consider C - P = Soe^(-delta*t) - Ke^(-rt ) as a "long call and short put" equaling a "long stock and short risk free bond" but this seems unintuitive to me.
Perhaps more intuitive is the fact that you can also write the equation as:
-C + P =...
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