Vijay P Shinde

“If Wall Street is to learn just one lesson from the Long-Term debacle, it should be that. The next time a Merton proposes an elegant model to manage risks and foretell odds, the next time a computer with a perfect memory of the past is said to quantify risks in the future, investors should run—and quickly—the other way. On Wall Street, though, few lessons remain learned.”
― Roger Lowenstein, When Genius Failed: The Rise and Fall of Long-Term Capital Management