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Brave New World
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L'identité
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Arthur Schopenhauer
“Money is human happiness in the abstract; he, then, who is no longer capable of enjoying human happiness in the concrete devotes himself utterly to money.”
Schopenhauer, Arthur

Ursula K. Le Guin
“Light is the left hand of darkness
and darkness the right hand of light.
Two are one, life and death, lying
together like lovers in kemmer,
like hands joined together,
like the end and the way.”
Ursula K. Le Guin, The Left Hand of Darkness

Emanuel Derman
“Finance is concerned with the relations between the values of securities and their risk, and with the behavior of those values. It aspires to be a practical, like physics or chemistry or electrical engineering. As John Maynard Keynes once remarked about economics, “If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.” Dentists rely on science, engineering, empirical knowledge, and heuristics, and there are no theorems in dentistry. Similarly, one would hope that nance would be concerned with laws rather than theorems, with behavior rather than assumptions. One doesn’t seriously describe the behavior of a market with theorems.”
Emanuel Derman, The Volatility Smile: An Introduction for Students and Practitioners

Emanuel Derman
“Cruelty links all three primitives [pleasure, pain, and desire]: Spinoza defines it as the desire to inflict pain on someone we love or pity. Financial speaking, cruelty is analogous to a convertible bond whose debt and equity depend on three economic underliers: the stock price, the level of interest rates, and the credit worthiness of the company's debt.”
Emanuel Derman, Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life

724091 The Story of the Stone (Dream of Red Chamber) readalong #storyofstonealong — 48 members — last activity Dec 05, 2018 06:55PM
Hi, from October 2018 to December 19th, 2018, I will be reading THE Chinese classic, The Story of the Stone, which also called Dream of Red Chamber, a ...more
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