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Goldman Sachs recently paid a little over a half billion dollars for Hull
Trading.....Blair Hull was in fact a Rocket Scientist. That is "B" as in
Billion .
Marlowe Cassetti wrote:
> That is what I understand too. I got an update as to the NOVA program and
> it follows:
>
> In 1997, the Nobel Prize in Economics went to a pair of economists who
> devised a mathematical formula they thought could make them millions of
> dollars on the stock market. And it did -- so much so that they formed a
> unique trading company and began speculating on a scale never before seen.
> The company bet billions on the assumption that the formula was foolproof.
> But it wasn't. In 1998, the company crashed so spectacularly that it
> threatened the entire global economic system. In this Web site, we take a
> closer look at the so-called Black-Scholes formula. We also investigate the
> impact of online trading, offer a trader's lexicon, and give you a chance to
> play a virtual stock market.
>
> The program probably doesn't cover the real rocket science as I was
> originally led to believe.
>
> Marlowe
>
> ----- Original Message -----
> From: M. Simms <prosys@xxxxxxxxxxxxxxxx>
> To: Marlowe Cassetti <marlowec@xxxxxxx>; Real Traders Host
> <newdomo@xxxxxxxxxxxx>
> Cc: Omega List <omega-list@xxxxxxxxxx>
> Sent: Wednesday, February 02, 2000 10:39 AM
> Subject: RE: Rocket Science
>
> > Yeah, but from everyone I talk to, neural nets have driven traders "neural
> > nuts" with heavy losses....lousy executions......applying millions of
> rules
> > which are not significant.
> >
> > > -----Original Message-----
> > > From: Marlowe Cassetti [mailto:marlowec@xxxxxxx]
> > > Sent: Wednesday, February 02, 2000 12:03 AM
> > > To: Real Traders Host
> > > Cc: Omega List
> > > Subject: Rocket Science
> > >
> > >
> > > This is a heads up for "Rocket Science" addicts. Next Tuesday, Feb 8,
> the
> > > PBS program Nova is broadcasting a program "Trillion Dollar Bet, What if
> > > Math can beat the market?" I believe the program will touch on chaos
> > > theory, neural networks, fuzzy logic, etc. as applied to the markets.
> All
> > > you simple moving average simpletons (pun intended) better run for
> cover.
> > >
> > > Consult http://www.pbs.org/ for more details.
> > >
> > >
> >
> >
> >
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