Tuesday, September 15, 2009

Nassim Talen on quantitative risk

Author of the very informative. The Black Swan, comments on the banking industry.

Basic summary: Value at Risk, known by many professional traders, utterly ignored by large banks due to consequential socialist, bail out efforts.



More comments on stimulus packages and free markets.

1 Reflections:

ngogerty said...

nice post adn find. Refreshing to see Nassim in a calm forum discussing things in a measured tone.