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  • Boston Meeting: Arranged by John Nagorniak Tuesday, September 16, 2008 - 6:15pm
  • Denver Meeting: Using VIX Futures and Options to Improve Efficiency in Equity Portfolios Wednesday, September 17, 2008 - 6:00pm
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Boston File: Slides for Optimal Trading Strategy With Optimal Horizon
  399
 
Wall Street to write off another 300,000,000 staff
  675
 
Boston File: Personal Investing Policy
  659
 
NewYork File: NewDirectionsBehavioralF-Calianos-20080325a
  580
 
NewYork File: TrendyTrenDont-Gilbert-20080325b
  518
 
NewYork File: Volatility As An Asset Class
  820
 
NewYork File: Eliminating Tail Risk In Trading
  681
 
Boston File: Agency costs of institutional trading
  490
 
New York Chapter Application for Membership
  743
 
New York File: Slides from 29 January 2008 Wilcox presentation
  892
 
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ImageBen Graham hdblank5/07/08 4:19pm
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Forum topicThe Fundamental Law in Mismanagement -- Whose arguments are more persuasive? You be the judge. hdblank3/01/06 4:07pm
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Quotations

For a dynamical system ... to be orderly, it must exhibit homeostasis; that is, it must be resistant to small perturbations.

In the chaotic regime, similar initial states tend to become progressively more dissimilar, and hence to diverge farther and farther apart in state space, as each passes along its trajectory. This is just the butterfly effect and sensitivity to initial conditions. Small perturbations amplify. Conversely, in the ordered regime, similar initial states tend to become more similar, hence converging closer together as they flow along their trajectories. This is just another expression of homeostasis. ... networks at the phase transition have the property that nearby states neither diverge nor converge.
— Stuart Kauffman in At Home in the Universe; The Search for the Laws of Self-Organization

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