: The text provides deep dives into complex concepts such as "vol of vol" and standard Black-Scholes replication from fresh perspectives.
Stay unperturbed.
Investors aren't paid for "volatility" per se, but for specific risks they take on. Being unperturbed means being clear about which risks deliver compensation and which are just noise. unperturbed by volatility pdf
: Success comes from questioning where main risks are hidden and avoiding them by construction rather than relying on universal prescriptions. : The text provides deep dives into complex