Jared Dillian > Quotes

“Delta, a function of interest rates, is a measure of exactly how much stock a futures contract hedges. It was an easy calculation. I”
― Jared Dillian, Street Freak: Money and Madness at Lehman Brothers

“Rules are for the stupid, the clueless, those who cannot be trusted to do the right thing.”
― Jared Dillian, Street Freak: Money and Madness at Lehman Brothers

“forward contract—is what’s known as a derivative. Notice that during the period of time that the derivative is in effect, either the farmer or the miller may end up looking like an idiot. If”
― Jared Dillian, Street Freak: Money and Madness at Lehman Brothers

“As a trader, I would learn that liquidity disappears when the market receives news that it doesn’t understand. Nobody wants to trade. Bids and offers vanish.”
― Jared Dillian, Street Freak: Money and Madness at Lehman Brothers