nice one from wilmott and derman http://www.rgemonitor.com/financemarkets-monitor/255027/the_financial_modelers_manifesto
Will love to see what he mathematicians will have to say about this. I have a quantitative background, and I always felt that although CDO’s work in terms of math logic, they were at one point stretching their economic logic. I may be wrong. Let’s see what Joey and Bchadwick have to say about this article. J.
Great article. Thanks for sharing.