This is a theorem that has always fascinated me. Usually tucked away into an obscure part of a math textbook that we just flip over, it took me a while to realize the sheer brilliance and beauty of this piece of math. Wouldn’t it amaze you to know how our brains have inherently incorporated this […]

I came across the term tulip mania for the first time in a derivatives text. It claimed the tulip mania that occurred in the 1600s was a direct example of futures being used. It has also been widely acknowledged to be one of the first instances of a speculative financial bubble, in both economic and

Robert. G. Kirby                                            Journal of portfolio management (1984)  In my initial drafts of writing this, I thought of giving you a long write-up about the author, but then almost decided otherwise considering how easy it is to find an assimilation of facts about anyone as a matter of fact. But as you can see

So, last week I came across something that really fascinated me in the fixed income world.  Something that was a coalescence of celebrities and finance. Typically, I am not a person who goes gaga over celebrities. I may take a fancy if they are a kind human being (There are very rare humans who give