🔗The Meta Of Market Efficiency Select posts:Understanding EdgeThe “No Easy Trades” PrincipleMeasurement Not PredictionInvesting Is Biology Not PhysicsDinosaur MarketsThe Juicy Stuff Doesn’t Hit The PitThe Paradox Of Provable Alpha 🔗The Risk and Math of ReturnsSelect posts:The Volatility DrainPath: How Compounding Alters Return DistributionsWhere Does Convexity Come From?Why Volatility Still Matters To Buy-And-Hold InvestorsSolving A Compounding Riddle With Black-ScholesFrom CAPM To HedgingIf You Make Money Every Day, You’re Not MaximizingIs There Actually An Equity Premium Puzzle?Examples Of Comparing Interest Rates With Different Compounding IntervalsWell What Did You “Expect”?Geometric vs Arithmetic Mean In The WildUnderstanding Log ReturnsThe difficulty with shorting and inverse positions 🔗Portfolio Theory Is Not IntuitiveSelect posts:Your Portfolio Intuition Is PoorBet sizing Is Not IntuitiveWhy You Don’t Get Paid For Diversifiable RisksYou Don’t See The Whole Picture 🔗Options and VolatilitySelect posts:Straddles, Volatilities, and Win RatesHow Options Confuse Directional TradersStructuring Directional Option TradesUsing The TSLA Price Endgame To Understand OptionsOn Delta HedgingWell What Did You “Expect”?Using Log Returns And Volatility To Normalize Strike DistancesInsights From The Warrant Puzzle via Financial HackingUnderstanding Risk Neutral ProbabilityThe Intuition Behind The Black Scholes Equation 🔗Option GreeksSelect posts:Lessons From The .50 Delta OptionWhy Option Traders Focus On VegaFinding Vol ConvexityUnderstanding Vega RiskMoontower On Gamma