Asia Sentinel

Asia Sentinel

Formula That Blew Up Wall Street

Alice Poon
Mar 10, 2009
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The article explains in the best layman terms possible the intricate mathematical models used by Wall Street to price the mortgage-backed securities and derivatives. I don’t pretend that I understand every word in the article, but it does give me a more enlightening glimpse into the almost inscrutable world of 'quant' (to me anyway) and what must be one…

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