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“financial markets and financial products carry risks which are invisible and which cannot be logically worked out by humans intuitively. Unlike a road or moving cars, financial products are not visible to the human eye – they must be documented or created electronically. You cannot see an 'option' or a 'future', you can only see them in documentation or electronic terminals evidencing their existence. In the same way you cannot physically see what risks an option or a future carries with the human eye.”
― The ISDA Master Agreement: The Derivatives Risk Management Tool of the 21st Century?
― The ISDA Master Agreement: The Derivatives Risk Management Tool of the 21st Century?
