In finance, Delta is the “speed” of change, and Gamma is the “acceleration”. We need to think of how the world around us accelerates into uncharted territory.
Value comes not from knowing who the winner and losers are- that’s more or less straightforward. The trick is to know who is going to win or lose and by how much.
Don’t Count on It!
Don’t Count on It.
Investing is a careful balance between illusion and optimism. All too often we look to the past to forecast the value we’ll see in the future even though it really can’t tell us anything anymore. When I began my sophomore year as a Finance major at university, I took my first Introduction to Investments course.…
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