CHAPTER 7Disintegration and Securitization
… When Silenus had finally fallen into his clutches, the king asked him what was the best and most desirous thing of all for mankind. The daemon stood silent, stiff and motionless, until at last, forced by the king, he a gave shrill laugh and spoke these words:
“Miserable, ephemeral race, children of hazard and hardship, why do you force me to say what would be more fruitful for you not to hear? The best of all things is something entirely out of your grasp: not to be born, not to be, to be nothing. But the second best for you—to die soon.”
—F. NIETZSCHE, The Birth of Tragedy
What would happen if stock markets and bond markets blew up at the same time? I’m assuming that the most likely way this could ...
Get Tail Risk Killers: How Math, Indeterminacy, and Hubris Distort Markets now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.