1. Goldman Sachs tells us how funding against the fed funds effective rate for collateralized OTC trades challenges the traditional discounting based on LIBOR. As interesting as this was, I fear we'll be obsolete even before we graduate!
2. From the Binomial pricing model to the Black Scholes. One of the most ingenuous derivations in financial mathematics. A Nobel prize winning idea. We're ready to listen to it from the horse's mouth next week.
I'm sorry to be so geeky and selfish today. But I won't say much more.
Suffice to say, this day pretty much got the best of me :)
"When you want it, when you need it, you'll always get the best of me..."
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