The Black-Scholes Formula (DOCUMENTARY)

Recommended Documentary: The Midas Formula: Trillion Dollar Bet

"The history behind perhaps the greatest formula ever created in finance: the Black-Scholes-Merton options pricing model. Two of its creators were awarded the Nobel Prize in Economics in 1997. A year later their hedge fund Long Term Capital Management (LTCM) had collapsed with staggering losses of $100 billion due to significant leverage of the strategy."


Alexander Schachter