“The model used by Wall Street to price trillions of dollar’s worth of derivatives thought of the financial world as an orderly, continuous process. But the world was not continuous; it changed discontinuously, and often by accident.”
“The model used by Wall Street to price trillions of dollar’s worth of derivatives thought of the financial world as an orderly, continuous process. But the world was not continuous; it changed discontinuously, and often by accident.”
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