Ep. 959: Hedge Fund Market Wizards Redux with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Black Scholes Model for Pricing Options
He found the Black Scholes model formula with about four years before our black Scholes published their results. But in those four years, he was making tons of money trading it and he just didn't want to publicize it to the world. He also invented first person who's a law of address, first person who’s a convertible arbitrage. This is a fraud. It's one of those side stories that I can have you talking for a half hour. But just it's one ofthose things worth reading.
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