%0 Journal Article %A Fischer Black %T Hedging, Speculation, and Systemic Risk %D 1995 %R 10.3905/jod.1995.407925 %J The Journal of Derivatives %P 6-8 %V 2 %N 4 %U https://jod.pm-research.com/content/iijderiv/2/4/6.full.pdf