"After 1929, so many people had been traumatized by the stock market crash that there was a lost generation." - Ron Chernow
Long gamma = owning stock options, owning insurance, hoping for volatility, but costs money on a daily basis
Short gamma = net seller of stock options, writing insurance policies, betting against volatile moves, and this generates immediate income on a daily basis.
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To see the list of the 111 books I read in 2016 - Click Here.
Music - "Everything in Color" by Ben Cantelon, used with permission and much gratitude.