Hoodwinked!

Have you got a good grip on your view of volatility and correlation? Neil Palmer shows that, thanks to ever -present measurement errors, even the steadiest markets can throw up big surprises

Are successful traders genuinely skillful or just lucky? All those young hot-shot dealers in their red Ferraris would have you believe
it's the former. But then again, if trading really were only a matter of luck, we would expect a few prominent superstars to appear by pure chance from time to time.And we'd also expect the vast majority of blow-ups and also-rans to keep a low profile and maybe retrain
as accountants or dentists.

Perhaps this is what we do observe. It's a point made by option