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Financial Meltdown: The Ultimate Human Error - Wall Street Journal Blogs

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Financial Meltdown: The Ultimate Human Error

Wall Street Journal Blogs, NY“I don't think banks in Iceland went bankrupt because of bad models. They went bankrupt because of over - leverage,” said Mr. Derman. “Models are just the tool.” Mr. Derman also heads risk management at Prisma Capital Partners, authored “My Life as a ...




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