B-School Update

OK, so I highly recommend that you never take Derivative Securities. Comparing the cash flows for a forward contract vs. a synthetic forward (long on the underlying asset, short a zero coupon bond - I think) is not a great way to spend your day. Despite my professor's vast accumulated wealth from managing Merrill Lynch's weather derivatives desk in London, I think I'll stick to index funds...

Forwards, futures, options, etc. are not my friends. The members of the BLD are though! hehe..