Farmers across Scotland are being urged to attend a series of meetings to outline proposals for a new pricing formula for milk.
BBC: Milk price plans put to Scottish farmers
He said the formula did not mean a "guaranteed smooth ride" in pricing.
At Goldman he rose to the level of Managing Director and co-invented the tool for pricing options on Treasury bonds with Goldman colleagues Bill Toy and the late Fischer Black, of Black-Scholes formula fame.
FORBES: A Review of Emanuel Derman's New Book: Models.Behaving.Badly.
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