Apr 4, 2022Liked by GMG Research


'In the course of my investment activities, I discovered that financial markets operate on a principle that is somehow akin to scientific method. Making an investment decision is is like formulating a scientific hypothesis and submitting it to a practical test[…]

taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones […]

Most market participants do not view markets in this light.'"

I appreciate the reminder re: vols.

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Thank you!

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