http://investing.curiouscatblog.net/2009/07/12/the-formula-that-killed-wall-street/ Tue, 07 Feb 2012 05:51:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://investing.curiouscatblog.net/2009/07/12/the-formula-that-killed-wall-street/comment-page-1/#comment-5069 Charlie Munger’s Thoughts on the Credit Crisis and Risk at Curious Cat Investing and Economics Blog Thu, 13 May 2010 15:54:00 +0000 http://investing.curiouscatblog.net/?p=515#comment-5069 [...] elites failed us with their utterly asinine ideas of risk control. It was grounded on the idea that all risk took Gaussian distributions, which is just totally wrong. Very high IQ people can be completely useless. And many of them [...] [...] elites failed us with their utterly asinine ideas of risk control. It was grounded on the idea that all risk took Gaussian distributions, which is just totally wrong. Very high IQ people can be completely useless. And many of them [...]

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