No one hit home runs the way Babe did. They were something special. They were like homing pigeons. The ball would leave the bat, pause briefly, suddenly gain its bearings, then take off for the stands. ↗
Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned. ↗
In the one defence, briefly, we accept responsibility but deny that it was bad: in the other, we admit that it was bad but don't accept full, or even any, responsibility. ↗
I don't think Hollywood was trying to do anything with me. In fact, they lost interest pretty quick. I think I got lucky, briefly, in the '90s, and it just so happened that those movies were the opportunities that came my way. Then it just kind of stopped. ↗