It was clear that I was at a crossroad. I could use my mathematical skills to develop strategies for hedging and possibly become rich; or I could compete in the academic world for advancement and distinction. I loved university-level teaching and research, and decided to stay with it as long as I could. My best quantitative financial ideas would be saved for our investors, not published, and over time would be rediscovered by and credited to others.
Eg Black-Scholes?
