Recipe for Disaster: The Formula That Killed Wall Street

I picked up the latest Wired in an airport this weekend. Great read! Recipe for Disaster: The Formula That Killed Wall Street:Some highlights:"For five years, Li's formula, known as a Gaussian copula function, looked like an unambiguously positive breakthrough, a piece of financial technology that allowed hugely complex risks to be modeled with more ease and accuracy than ever before. With his