#1219 Scott Patterson | CHAOS KINGS: The Men Who Profit Off Disaster
The Pomp Podcast
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The Importance of Being Contrarian in Financial Models
I think it took somebody like him to just say so forcefully that Wall Street's got a problem. It's using all of these models that hide risk and cut out the tails, you know, like value at risk. And yet if you look at any financial disclosure from a major bank right now, they're using value at risk in how they're managing their risk. I do think that part of the public attacking of other people definitely puts bad taste in some people's mouth.
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