3 ms·
This is more accurately the history of Long-Term Capital Management, not the BSM formula (which really began in 1900 with Bachelier's Theory of Speculation).
by applecore 11y ago
This is more accurately the history of Long-Term Capital Management, not the BSM formula (which really began in 1900 with Bachelier's Theory of Speculation).
- bobcostas55 11y agoI believe Theory of Speculation also features the first appearance of Brownian motion. Bachelier was extremely far ahead of his time.
- deleted 11y ago[deleted]