Recipe for Disaster: The Formula That Killed Wall Street

This article goes along with one of our previous posts about the lovely Ms. Hot Heidi barteder. This is the more technical version of the story.

It pretty can be summed up by this warren buffet quote, which if you have been doing your reading, you would be familiar with.

"Beware of geeks bearing formulas."- Warren E. Buffet

David X.Li is that geek and the Gaussian copula function is his formula.


Now for the story.

Read it. Then come back to me. Don't keep me waiting.

Recipe for Disaster: The Formula That Killed Wall Street






Thanks
WSC- yerd me