One maths formula and the financial crash
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One maths formula and the financial crash

New York City : NY : USA | Apr 27, 2012 at 4:47 PM PDT
Source: BBC
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All the variables seem to be tangled up in an impenetrable way. Scholes worked on the problem with his colleague, Fischer Black, and figured out that if I own just the right portfolio of beef, plus options to buy and sell beef, I have a delicious and totally risk-free portfolio. FULL ARTICLE AT BBC
 
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