4 ms·
Matt Levine who writes for Bloomberg is a great daily read. He posted about this about a week ago and it provides a good overview of how this type of thing is p
by nsiemsen 13y ago
Matt Levine who writes for Bloomberg is a great daily read. He posted about this about a week ago and it provides a good overview of how this type of thing is priced/insured.
http://www.bloomberg.com/news/2014-01-21/buffett-makes-millions-selling-500-to-1-monkey-linked-derivatives.html http://www.bloomberg.com/news/2014-01-21/buffett-makes-milli...
- kolbe 13y agoAnd his analysis is almost embarrassingly bad. I cannot fathom how someone who worked in investment banking at Goldman could be so far off in how to price this.