tag:blogger.com,1999:blog-11222724.post6552698875544684218..comments2023-10-06T04:42:00.513-07:00Comments on <a href="http://www.dogchurch.org">Virtual Church of the Blind Chihuahua</a>: More on Market InstabilityScooperhttp://www.blogger.com/profile/17897723268226845919noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11222724.post-33674061453036129732008-10-28T21:51:00.000-07:002008-10-28T21:51:00.000-07:00what do you mean by the wall street has vanished?what do you mean by the wall street has vanished?green eggs and ham^^https://www.blogger.com/profile/14275049723039704308noreply@blogger.comtag:blogger.com,1999:blog-11222724.post-3081008030147203912008-09-25T23:26:00.000-07:002008-09-25T23:26:00.000-07:00I can recommend Taleb's "Fooled by Randomness." M...I can recommend Taleb's "Fooled by Randomness." More recently he has published "The Black Swan", which I have scanned, but might be a rehash of "Fooled..." Neither book is analytical, but Taleb does appear have a solid financial background. I struggled through his first book "Dynamic Hedging: Managing Vanilla and Exotic Options", of which maybe 70% was over my head.VanceH-https://www.blogger.com/profile/14482908993570281977noreply@blogger.comtag:blogger.com,1999:blog-11222724.post-8590225925776401492008-09-25T21:52:00.000-07:002008-09-25T21:52:00.000-07:00Actually, I'm not familiar with Taleb. I'm new to ...Actually, I'm not familiar with Taleb. I'm new to this finance stuff. Would be glad to know more.Scooperhttps://www.blogger.com/profile/17897723268226845919noreply@blogger.comtag:blogger.com,1999:blog-11222724.post-44289701230896570742008-09-25T07:49:00.000-07:002008-09-25T07:49:00.000-07:00Hi Scooper, Thanks for your comment on asset valua...Hi Scooper, Thanks for your comment on asset valuation. The articles I've been reading focused on the change opening up the ability to take customer deposits as the main benefit--which didn't seem like much of a benefit to me. Marked to market vs. discounted cash flow makes a huge difference in the current illiquid env. I bet that makes a huge difference to their asset valuation. Regarding stability, you are probably familiar with Taleb's stuff. I think he is a bit of a blow-hard, but I think he makes good points on how both our intuitions and the typical analytic approaches to risk analysis tend to be very flawed.VanceH-https://www.blogger.com/profile/14482908993570281977noreply@blogger.com