Bernie Brooks

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@amxno_dz9852 14 күн бұрын

wtf is that

@JamesCullin 25 күн бұрын

This video was very helpful for my learning journey.

@creator-ss7ks Ай бұрын

Cool thumbnail

@JamesCullin Ай бұрын

Very much enjoyed this video.

@Wildkard 4 ай бұрын

love the work but man people need to start pronouncing "Scholes" properly, its pronounced "skulls", like school or scholar.

@BernieBrooks 4 ай бұрын

Black Skulls sounds way more metal than the way I was pronouncing it.

@Wildkard 4 ай бұрын

@@BernieBrooks yeah but its how its supose to be pronounced. This is not harry poter where u cant say voldermort

@Fidder492 Ай бұрын

Who told you it's supposed to be pronounced like that? I watched videos where he was a guest speaker and that was not how his name was pronounced.

@ssrini2002 9 күн бұрын

That’s not how it’s supposed to be pronounced, stop making stuff up. His Wikipedia page has his pronunciation and it clearly says Myron Scholes (/ʃoʊlz/ SHOHLZ).

@Wildkard 8 күн бұрын

@@ssrini2002 ever heard of a english footballer paul scholes? google him and see what the commentators call him. wikipedia is wrong like it happens a lot.

@winterbreezesrule9583 4 ай бұрын

Very cool Davy's dad

@aviral1337 4 ай бұрын

00:33 isn't that function explicit?

@BernieBrooks 4 ай бұрын

An explicit solution needs to be y=f(x).

@danielpittman1430 4 ай бұрын

This is a pretty cool idea of a math video. I could see a multipart series of this combined with the choose your own adventure concept that has you giving testimony on how to solve a problem. Then depending on how correct your choice is as you go, objections might start flying or things like that. Neat way to remember the content!

@Quantdummy 5 ай бұрын

have you made any money doing all this work?.. i mean in the market

@BernieBrooks 5 ай бұрын

Short answer: No. The model shown does not take transaction costs into account. And it assumes continual hedging. The technique can work for institutional or large scale investors who have small transaction costs and can trade very quickly and very often. That's not possible for me as an individual investor unless I find a huge mispricing in a stock.

@Flaystray Ай бұрын

But transaction costs only range around a couple cents right? Also, where did the initial payoff equation come from?

@JamesCullin 5 ай бұрын

I am aligned with the direction we are going.

@nirre4601 6 ай бұрын

if you price american option, i believe you cant just cash in and stop simulation the path. You need to simulate to the end and then find the OPTIMAL time to exercise the option then start discounting. Am I missing something?

@BernieBrooks 6 ай бұрын

Each trace is a possible future timeline and you don't know if the stock price will go higher at the time you cash in. In the real timeline, if you decide to cash it in then cannot benefit if the stock goes higher afterwards. This video's purpose was to expose my students to pricing with Monte Carlo techniques. It's a very powerful technique that can be deployed quickly. Thanks for watching! Also, I have not made a financial math video in a while. If you have any concepts you think would make a good video I would appreciate your ideas.