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Yet more risky testimony

September 11, 2009

Nassim Taleb and Chris Whalen also participated in Wednesday's House hearing on risk management. The full text of their remarks are available here (Taleb) and here (Whalen). Taleb's thoughts are familiar, consisting largely of his well-known opinions on VaR and financial regulation. Whalen, however, provides an excellent quote: The problem is not with models themselves. […]

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