How do you calculate the odds of catastrophe?
Chris F. Masse August 25th, 2007
In Nature’s Casino - (10 pages in all) - by New York Times’ Michael Lewis
I have read only portions of it. It’s a long (10 pages!!!!) narrative about the people behind a new market that “has sprung up to spread the risk.”
Psstt… If the name of “Michael Lewis” rings a bell in your head, that’s because that’s the guy who wrote that long article on ProTrade for Portfolio, last spring.
UPDATE: Jed Christiansen comments…
I believe that’s the same Michael Lewis that wrote Moneyball (baseball and better statistics), and Liar’s Poker (finance in the 80’s).
Moneyball was a great book, and from what I understand has really started changing baseball in the past few years.
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I believe that’s the same Michael Lewis that wrote “Moneyball” (baseball and better statistics), and “Liar’s Poker” (finance in the 80’s).
Moneyball was a great book, and from what I understand has really started changing baseball in the past few years.
Securitizing Catastrophe
http://radar.oreilly.com/archi.....ng_ri.html