[quote,finance,aktuell] QotD
Aug. 24th, 2007 02:29 pmAbsolutely, positively, the best quote of this year. screamager &
sorhed, I think you'll like this one.
It always seemed to me, and recent occurences seem to confirm it, that most algorithmic trading strategies are long volatility but short volatility of volatility.
— Emanuel Derman