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I selfishly do not want to be regulated, but I understand the necessity of it.

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by Edouard Chazal

2012 → 2023

Tag: 2008

The Formula That Killed Wall Street

david li

His method was adopted by everybody from bond investors and Wall Street banks to ratings agencies and regulators. And it became so deeply entrenched—and was making people so much money—that warnings about its limitations were largely ignored.

→ Wired

Posted on 05/09/201225/04/2015Categories Mathematics, Quants, StatisticsTags 2008Leave a comment on The Formula That Killed Wall Street
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