The Real Options Solution offers a new approach to the valuation of businesses and technologies based on options theory. It provides a quantifiable approach to the problem of the strategic premium — the gap between apparent economic value and actual value as determined by the marketplace. Total value is the sum of economic value and ...

Are You Too Anxious to Win? Before about 1979, computers were not in widespread use among professional options traders. In part, this was because of the limited availability of useful hardware and software, but the more important reasons were personal and cultural. Members of the Chicago Board Options Exchange (CBOE) and its competitors usually were ...

Prologue. House of the Temple – 8:33 P.M. The secret is how to die. Since the beginning of time, the secret had always been how to die. The thirty-four-year-old initiate gazed down at the human skull cradled in his palms. The skull was hollow, like a bowl, filled with bloodred wine. Drink it, he told ...