I finally got around to reading Risk Management in the New York Times Magazine. It is one of the best articles on Wall Street Modeling Risk How people game models How all models eventually fail that I have ever read. It is must reading. All risk management systems, all (complex) models for that matter, are [...]
Entries Categorized as 'quotation'
by Nick Gall | January 28, 2009 | 2 Comments
Balancing the accumulated knowledge of past generations and the stifling burden of past institutions
by Nick Gall | October 6, 2008 | Comments Off
In his paean to the great 1962 movie The Manchurian Candidate, David McCoy asks the following: Are we so focused on tomorrow that we deny today and desecrate the past? Yeah… we are. Not everything worth having was just discovered in the past two weeks, in some garage in Palo Alto, by a few kids [...]