Bonds, Mirrors and Convexity
What do a bond and a curved mirror have in common? Both can be described with convex functions, capable of deforming prices in the first and images in the second.
What do a bond and a curved mirror have in common? Both can be described with convex functions, capable of deforming prices in the first and images in the second.
Behind a trading system with few rules and apparently simple, there is always an accurate design.
How to create a portfolio with the “Core – Satellite” approach