For some reason people liked this, so it made me think of other old Wall Street stories. I probably shouldn’t tell some of these, but, it was a while ago. Once, this guy in my group had the model tell him to build up a position in Krispy Kreme and, well, things happened.
I used to work in Fischer Black’s old group at Goldman Sachs; his colleague Bob Litterman was the chairman of the group then. There was one episode where Fischer was confused about some options’ market price and realized people were misusing B-S and cleaned everyone out.