Required Reading on Financial Crisis...
Posted by
kevindick in
Markets,
Models on
11 12th, 2008 |
No Comments
Remember Liar’s Poker by Michael Lewis about 80s Wall Street excess? Well, he has a terrific article on some guys who saw the subprime meltdown coming and bet heavily on it. It’s great narrative and a reminder that whenever someone’s model departs substantially from reality, there is an...