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The Formula That Killed Wall Street March 4, 2009

Posted by tkcollier in Economy & Business.
Tags: , ,

In the mid-’80s, Wall Street turned to the quants—brainy financial engineers—to invent new ways to boost profits. Their methods for minting money worked brilliantly… until one of them devastated the global economy.

via Recipe for Disaster: The Formula That Killed Wall Street



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