Monday, November 3, 2008

Beware of Geeks...Bearing Formulas

WSJ looks at AIG risk-management operations. Raises questions about the run-up to the financial crisis: Did firms like AIG put too much faith in computer models? Warren Buffett sounding the alarm for years, recently, he told PBS' Charlie Rose: "All I can say is, beware of geeks...bearing formulas." WSJ via The Australian

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