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RISK Mismanagement - What Led to the Financial Meltdown - NYTimes.com - The Diigo Meta page

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This link has been bookmarked by 2 people . It was first bookmarked on 02 Mar 2009, by Clement Staedtler.

  • 10 Mar 09
    dourivan
    dourivan Lima

    Economics world academy Business globalization

  • 02 Mar 09
    kandesbunzler
    Clement Staedtler

    weizenbaum risk modelling article

    • Taleb likes to say that, as a trader, he has made money only three times in his life — in the crash of 1987, during the dot-com bust more than a decade later and now. But all three times he has made a killing. With the world crashing around it, his fund was up 65 to 115 percent for the year. Taleb chuckled. “They wouldn’t listen to me,” he said finally. “So I decided, to hell with them, I’ll take their money instead.”
    • But a computer does not do risk modeling. People do it.