Quants’ Risk-Free Ideas Cause Ruin

[guest]

To become a potentially market- destroying “it†group on Wall Street, you need some arrogance, enough brains to justify making huge financial bets, utter cluelessness about lessons learned from finance’s booms and busts, and a sincere belief that your unique contributions to Wall Street will mean, ahem, that that this time it really is different, so old truths can be ignored.


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