VEGA STRATEGIES LAS VEGAS NEVADA 22nd Century Finance Notes Neurotic Markets Hypothesis "Best Way' Risk Management Center Theory Random Walk Hypothesis Summed Up Stock market prices evolve according to a random walk thus the prices of the stock market cannot be predicted Risk Management Focused on variance the 2nd statistical moment of the investment portfolio return distribution Implied Strategy Indexing and Hedging Edge Theory Financial Instability Hypothesis Summed Up ‘The economic system's reactions to a movement of the economy amplify the movement thus with its financial markets Risk Management Focused on kurtosis the 4th statistical moment of the investment portfolio return distribution Implied Strategy Hedging and Derivatives Integrated Theory Neurotic Markets Hypothesis Summed Up Financial markets are an extension of the collective state of mind of the civilization in which they function thus in this epoch neurotic Risk Management All statistical moments 2nd to Nth of the investment portfolio return distribution are relevant at every market moment in time Implied Strategy Derivatives and 'Beyond Economics’ Best Implementation SBI the "Where Next! Hedge Fund