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. ↗
The idea that one can go to the fossil record and expect to empirically recover an ancestor-descendant sequence, be it of species, genera, families, or whatever, has been, and continues to be, a pernicious illusion. ↗
But I've come to the point in my evolution on the instrument where I realize that I can't play the same stuff that just a guitar player or organ player would play - and I need to embrace that in a big way. ↗
Today, no less than in the past, the tetrahedral form of the earth and the relation of the tetrahedron to the poles and to the equator preserve the conditions that favor rapid evolution. ↗
When I started modeling, I was definitely heavier. I was quite voluptuous in fact. I had a real baby face and baby fat. But I was a baby! I was told I had to get into better shape, but I'm quite stubborn so I didn't. ↗
The West hasn't reached its universal state as yet, although its close to it, but it certainly has evolved out of its warring state phase, which it was in for a couple of centuries. ↗
We oppose occupation of land by force and we believe in dialogue as the method for regaining Arab rights. This is the spirit of the Great Arab Revolt. ↗
