Random Readings – 5th January, 2009

  • Risk Mismanagement
    By Joe Nocera
    ‘The story that I have to tell is marked all the way through by a persistent tension between those who assert that the best decisions are based on quantification and numbers, determined by the patterns of the past, and those who base their decisions on more subjective degrees of belief about the uncertain future. This is a controversy that has never been resolved.’
  • Why We Keep Falling for Financial Scams
    Intelligent people have long been ruined by frauds. Psychologist Stephen Greenspan, who specializes in gullibility, explores why investors continue to be swindled — and how he came to lose part of his savings to Bernard Madoff.
  • The Weekend That Wall Street Died
    Ties That Long United Strongest Firms Unraveled as Lehman Sank Toward Failure
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