Financial Engineering

During research on LTCM discovered greater clarity … for the file of MORORLESS.ref.

In short, Enron makes Long-Term Capital Management look like a lemonade stand. It will surprise many investors to learn that Enron was, at its core, a derivatives trading firm. Nothing made this more clear than the layout of Enron’s extravagant new building —

We have to excuse these poor quants. They’re better at scrubbing data, than describing or defining… anything.

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