We concluded that you cannot rely on delta hedging alone. It sounds simplistic to say that now, but back then, this was the sort of thing people were only just beginning to realize. ↗
I never quite understand why we watch the news. There doesn't really seem much point watching somebody tell you what the news is when you could quite easily listen to it on the radio. ↗
Journalists are accused of being lapdogs when they don't ask the hard questions, but then accused of being rude when they do. Good thing we have tough hides. ↗