I still remember the moment in statistical physics class when my prof wrote down the Black-Scholes model, explained how people made a lot of money using it, added that the inventors had received a Nobel prize and proceeded to show that it was just the diffusion equation.
The diffusion equation. It was so underwhelming that I lost any interest in going into financial engineering.
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I still remember the moment in statistical physics class when my prof wrote down the Black-Scholes model, explained how people made a lot of money using it, added that the inventors had received a Nobel prize and proceeded to show that it was just the diffusion equation.
The diffusion equation. It was so underwhelming that I lost any interest in going into financial engineering.