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What exactly was the math in that situation and how did you come up with it?

Nice:D 10psi will be a breeze for that thing. On a similar note, the T67 was a popular turbo in my world - imo though it was a mismatched comp/turbine, exh. side was too small.

Flywheel horsepower? That's no problem for an EJ20 or EJ25 (JDM or USDM Sti motors) - throw a 20g or GT30 on there and you're golden. Tough, reliable motors. These motors, much like the DSMs of the world, have spawned a huge host of reliable aftermarket 'packages' that can provide for a range...

Ack, a rotary!? Get a Subaru boxer in there:D Good luck with the project, looks like fun.

To be fair, I wouldn't say worthless - there's value in not only the information but also in its pursuit. It does teach you basic tenants of pricing (I can see the FI portion being useful) and it requires a certain level of self-motivation, which seems useful in trading. That said, I'm not...

...sorry, should've been in contact earlier. Send me a PM, I have what you're looking for - won't cost you that much:D

I see your point in that often times a market participant can pick up a settlement at a 'discount' while still providing more value than the issuer may be willing to offer the client - however the participant is still taking on model/extension risk, so in my opinion, it's not a true 'edge'. A...

Is that like "bending over backwards to please clients"?:p

...is there a specific time this is going down or just show up whenever?

Would you happen to have a name for that book or a link to the thread? Thanks.

Yea, see the point of my post was because there was a question related to corn - thought it might start some lighthearted banter. Then again, heated political rants are fun too.

...any corn traders watch last night's show?

To raise and allocate capital as well as to transfer risk - often with the intention that markets are fairly priced. I was trying to point out that if options (or any other asset) are fairly priced, that doesn't invalidate the purpose of markets. If anything it might enhance their...

You could be right in that he lost money at Paloma. The point I wanted to make was that he had made money trading his theories. It's not as if he came up with his views and then tried to apply them to the markets - his views are a direct result of his experience in the markets. That's the...

Yea, he's made plenty of money, even before his fund - he made a lot of money trading at a variety of banks, notably in '84 and in '87.

What exactly do you think the purposes of markets are?

Fair value implies risk neutral pricing (however you want to define that) - you can certainly make the argument that the latest market price is 'fair value', although 100:1 says if a basic BS model values a call at $1 and the offer is $.02 you're buying. -my 2c

...if he's on the deal side he won't have time to trade, but your point stands nonetheless.

Thanks, that's a good idea, and is a good start. Also found this site, which I thought was somewhat helpful. http://www.market-topology.com/

Wouldn't this only be correct if you could properly identify the underlying distribution of the market? How do you define your probability of winning?