Tuesday, June 19, 2007


On the train to my mum's house, I read "Fischer Black and the revolutionary idea of Finance" by Perry Mehrling. Fischer Black was a theorist who invented ways to study the stock market and money. I am starting to understand this derivative (in the finance sense) business a bit better. He was a loner recluse, but still managed to be married 3 times. He had a very clever filing system that allowed him to work very efficiently. I didn't know that they didn't understand the stockmarket in the late 60s, and early 70s.