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Wired Magazine: Recipe for Disaster: The Formula That Killed Wall Street

posted on 13 March 2009

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.

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http://www.wired.com/techbiz/it/magazine/17-03/wp_quant