The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Sander Gerber qualifies as The Navigator by redesigning the instruments of navigation themselves. His eponymous statistic replaces inherited covariance models with a more honest cartography of risk, and his aim is not to dodge loss but to map, with precision, the boundary between the expected and the catastrophic.
“Yes, so at the time, well, I left the floor beginning in 95 and started deploying just the money I'd earned on the floor in an off-floor trading account And I would develop a strategy and hire someone else to run it and develop another strategy and hire someone else to run it.”
“To speak he had majored in Sanskrit Eastern philosophy, and then he got his MBA at Wharton, and he was the leading FX trader at Bankers Trust.”
“I believe that certainly at this point in time, the human capacity to ingest a mosaic of information and to make the right decision is superior. If you take a chessboard, The machine can beat the master.”
“Vega's the volatility of the An option has premium, and that premium is the extra amount you pay for the right to have limited loss and unlimited gain. And so that premium, that value of that option to exercise or not exercise with limited loss goes up and down in value based upon the degree of movement.”
Masters in Business: “Inside the Gerber Statistic with Sander Gerber of Hudson Bay Capital”
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