Billion Fund Is Seen as Stopgap: The best explanation yet of what The Entity
can do, and what it can’t.
VaR Horror Story: "In Q3, UBS experienced 16 (s-i-x-t-e-e-n) days were
losses overshooted daily VaR at the 99% confidence level. A
reasonable person would expect 2 or 3 in a year." (UBS
report)
Innovation Myths Applied to Urbanism: "A phenomenon that you might
call Trinket Urbanism had a death grip on North American cities until relatively
recently."
War at ACS: A ‘Piece of Bullying and Thuggery’: An astonishing
exchange between a CEO and his board.
Ace interrogator: "Waterboarding
is torture… period."
In the WSJ, you need to be "the
president or the pope" to be quoted saying something "sucks":
"an ordinary CEO" wouldn’t be important enough. But the guy who writes
"Dilbert" can still use
the word "turd", twice.
Drug traffickers send billions in laundered drug money to US each year:
Another potential PR nightmare for Citigroup.
Loss = E[(a)(Tricks)**2 + (1-a)(Leftover Candy)**2]: "Right now the
incremental value of one more ‘Fun Size’ Snickers bar is less than zero, though
of course the value will reset itself in due time. I might be able to stand
one more bag of peanut M&Ms though."
.jpg){kind=link}
The Bear Stearns Headlines. "Report: Cayne Feels Like Everybody on
Board Looking at Him"