Via Intelligent Life In Hollywood terms, it’s daring to devote even six minutes of animation to adults, rather than their offspring, but, judging by the acclaim that’s being heaped on “Paperman”, the gamble has paid off. The question is, then, when will someone produce an entire feature-length cartoon with an adult audience in mind? [youtube https://www.youtube.com/watch?v=cBgW_1-9YFk?rel=0]

Via BI :

Haim Bodek, the quant trader who was featured in the book “The Dark Pools” has written a book on what he thinks is the main problem with HFT. This content is more like a collection of articles and blog posts packaged as a book. Despite such a structure, the author focuses on ONE issue through out,i.e., “Special order types”, that he claims as the single most important demon behind HFT dominance.

(This is the commencement address David Foster Wallace gave to the graduates of Kenyon College in 2005. It captures his electric mind, and also his humility–the way he elevated and made meaningful, beautiful, many of the lonely thoughts that rattle around in our heads. The way he put better thoughts in our heads, too. ) (If anybody feels like perspiring [cough], I’d advise you to go ahead, because I’m sure going to.

This book introduces stochastic calculus in a very intuitive sense not burdening the reader with heavy math from measure theory and functional analysis. The author in the preface says that the reader is deemed to have passed an examination based on the book if he/she can understand the derivation of Black-Scholes that is present in the last chapter of the book. If you pick up any standard text book that proves Black-Scholes , one needs to go through a ton of math before understanding Ito’s lemma that is one of the major tools in deriving the price of a call options.