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Re:ETFs, Volatility and Leverage: Towards a New Leveraged ETF by smabie on Monday April 06, 2020 @01:57PM (#22796080)
Black Scholes, VaR, factor models, CAPM, modern portfolio theory, etc are all based on the normal distribution and are all still used in industry today. Every quant fund in the world is using models that assume a log normal distribution of returns. Moreover, Taleb certainly used models based on log normal distributions at his hedge funds.

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