>>14224888It is just a tool to price options. Back in the day, given a stock, you had no way to know how to price an option of that stock with a given maturity, strike price, etc. Black-Scholes introduced a neat little model that you could use to get a possible and reasonable price for that option.
If you are an investment bank you really want to sell options to retards because betting against retards is very profitable. You are an investment bank so maybe you already had your quants with internal models that could price options under certain circumstances but remember that you are betting against retards. They are not going to understand your quant's work. But now comes Black-Scholes, a memeified equation that even got a Nobel prize to popularize it. It just screamed:
>Hey retards! There is now a general way to price options. Come buy some!And the rest is history. Millions of retards in WallStreetBets losing their life savings to pay for the bonus of some JP Morgan Portfolio Manager. The way God intended.
