While the industry has changed substantially since the GFC, all foundational der... | Hacker News

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		FabHK on May 25, 2024 \| parent \| context \| favorite \| on: Financial Statement Analysis with Large Language M... While the industry has changed substantially since the GFC, all foundational derivatives models were basically in place back then.

JumpCrisscross on May 25, 2024 [–]

> all foundational derivatives models were basically in place back then

In vanilla equity options, sure. But that’s like saying we solved rockets in WWII. The foundational models were derived by then; everything that followed was refinement, extension and application.

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