Question
A good trader with a bad model can beat a bad trader with a good model. Critique MGs failure with reference to normal backwardation model.
A good trader with a bad model can beat a bad trader with a good model. Critique MGs failure with reference to normal backwardation model. Be very specific in pointing out what normal backwardation model entails and what MG did. Use options, swaps and futures markets to answer the question.
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Finance A Quantitative Introduction Volume 1
Authors: Piotr Staszkiewicz, Lucia Staszkiewicz
1st Edition
0128015845, 978-0128015841
