Juan Carlos Argeñal

7%
Flag icon
The eggheads immediately took to Wall Street. They downloaded into their computers all of the past bond prices they could get their hands on. They distilled the bonds’ historical relationships, and they modeled how these prices should behave in the future. And then, when a market price somewhere, somehow got out of line, the computer models told them.
When Genius Failed: The Rise and Fall of Long-Term Capital Management
Rate this book
Clear rating
Open Preview