Perhaps no other financial derivative instrument in history has generated so much buzz and debate as the credit default swaps (CDS) have in the last year or so. Traders, risk managers, regulators, U.S. Congressman, financial journalists, financial TV anchors…., almost everyone has been talking of CDS of late. It seems that today everyone believes – erroneously so, however – that all hell in the financial markets is breaking loose largel

       年年岁岁总相似，岁岁年年人不同。又一个九一八。战争离我们太遥远了，使我们忘记了伤痛。内外有别，使我们忽略了抗战。抗战，是全民族的战争，内战是党争而已，高下立判。

      抗战的英雄，多已经逝去，淹没在历史的长河里。活着的又有几个躲过了这个运动那个运动的呢。民主不是终态，共和不是完美，专制则是万恶难恕的。

     英国六百年的共和，美国三百年的民主，中国三千年的专制。三百年兴衰循环，有几个王朝躲过？

Gothic metal or goth metal is a subgenre of heavy metal music. It combines the aggression of heavy metal with the dark melancholy of gothic rock. The genre originated during the early 1990s in Europe as an outgrowth of death/doom, a fusion of death metal and doom metal. The music of gothic metal is diverse with bands known to adopt the gothic approach to different styles of heavy metal music. Lyrics are generally melodramatic and mournful with inspirati

     Black-Scholes model ，is very very famous in financial world . Risk free method is a very good way in derivative pricing . There is not only one way to derive BS model .

    http://www.math.ku.dk/~rolf/bsTHESIS.pdf

Advancement within a totalitarian group or party depends largely on a willingness to do immoral things. The principle that the end justifies the means, which in individualist ethics is regarded as the denial of all morals, in collectivist ethics becomes necessarily the supreme rule. There is literally nothing which the consistent collectivist must not be prepared to do if it serves ‘the good of the whole’, because that is to him the only criterion of what ought to be done. O

Constrained Optimization

刚上半堂跟各位讲的呢，是各位在这辈子，我是说如果你对金融有兴趣的话，大概会是各位这辈子听说过的最大的谎言。听过的人就当作是在帮各位复习一下这个谎言，没有听说过的，我保证你以后一定会一而再，再而三的听到。我所谓谎言的部分就是，金融专业是无比的重要这档事。这句话本身是一个谎言。但即使是要去学习犹太银行家或金融家成功的秘诀，这也是一种幻觉，或者说是误会。因为，如果你现在还在学习他们的话，你一辈子只能追在犹太人的后面而已。如果你想要跟他们并驾齐驱，或是超越他们的

我们第一件要做的事，就是清场

你们为什么要来这边呢？我跟各位讲老实话，这是一个非常非常非常无聊的社团。在所有类型的社团里面，学术性社团是最无聊的，而期货社又是学术性社团里面最无聊的社团之一。所以如果你想要有一个温馨美好的社团经验，或是想要找男女朋友，结成社对啊什么的，我诚心的建议你：马上离开这里！这个晚上你可以有更宝贵的用途。现在想离开的人呢现在就可以背起你的包包，从后门走出去了。

期货耽误我一生啊啊啊！！！我今天要讲的东西前半部分可能大家在或多或少听说过，后半部分呢，可说

     古老相传，大地的尽头是海洋，海洋的尽头是天空，而天空浩淼如烟，永无止境。

     天空太遥远，大地是我们的根本。江湖就在我们中间。

     少室山的少林，有一门武功，霸道无比，名曰九阳真经，为少林无上内功。摩尼教主凭此天下无敌。

     据传，有一门武功，名曰九阴真经，为黄裳所创，无敌与天下。全真王重阳凭此打败林朝英。 九阳真经，阳刚无比，世人皆喜之。而九阴真经，阴柔毒辣，世人皆恶之。

       闲暇无事可以读史明事,煌煌二十五史,点点帝王事.孔老二,为尊者讳,搞的历史就像一个被犬儒打扮的花枝招展的小囡囡.历史的真相被掩埋.

      读读潇水的青铜时代的战争,给人一个不一样的历史,一个三皇五帝如酋长,从来没有所谓的禅让.上古的禅让其实并不比三国曹丕搞的那个高尚多少.上古的很多事情也许并不像史记描写的那样.后人写史,往往摆脱了代入-----道德伦理,以时下的道德伦理来看古代的事件,免不了从哈哈镜看人,没有真实.

     "During the 1980s, a group of quants working for Morgan Stanley struck gold with a strategy called the 'pairs trade'. Institutional investors and proprietary trading desks at major investment banks have been using the technique ever since, and many have made a tidy profit with the strategy."

"Finding Profit in Pairs",September 2004, Investopedia.com

    Pair trading, also known as statistical arbitr