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Section in Warren Buffett's 2008 shareholder letter related to Black-Scholes model: "It’s often useful in testing a theory to push it to extremes. So let’s postulate that..."
Jun 23 17:09 pm
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All Comments by chengjunli2003 »ECRI: WLI Registers Largest Three-Month Gain in History [View article]
Applying similar methodology: if some indicator drops from 100 to 1 in 18 months, then rebound to 10 in 3 months, then wow! that indicator had just registered the historical largest gain of 900% in 3 months! The future must be bright.