The End of Probability: A new way of thinking about derivatives -- with Elie Ayache

Summary: Every once in a while, you meet someone and you just look in the mirror and think: hey, I'm not worthy. What am I doing with my life? Today's guest Elie Ayache is part entrepreneur, part philosopher, and part technologist. He takes aim at Taleb's Black Swan model (and in general our view of probability and market pricing) and provides a new model of how to view contingent claims and their relationship with the market's pricing mechanism. He walks the talk, growing and expanding his software firm's client base with institutional investors. It's possible that with time, his software and theory will have a significant impact on how contingent claims are viewed, priced and traded. I learned a ton about how this all works (even if I didn't understand everything Ayache spoke about). Thanks again for joining us on Tradestreaming Radio, where we discuss technology, tips and techniques to becoming a better -- more accurate -- investor. If you're listening to us on iTunes -- PLEASE rate/rank us to let others know about the value you're finding on this show.