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To: axial who wrote (95362)3/17/2009 6:57:00 AM
From: Dan3  Read Replies (1) | Respond to of 116555
 
Re: Evaluating risk, as insurance companies do, is a time-consuming process. The idea that some fuzzy-haired quant can reduce risk to a one-line equation is ludicrous - yet the same quant techniques are still being used: the same ones that crashed LTCM, and that got us into this mess.

Jeez, next thing you'll be saying is that Alchemey doesn't work - you probably don't even believe in perpetual motion machines.

:-)