(Un)Calculated Risk | by Peter Orr of Intuitive Analytics

Refundings Show Finance Profs How to Colossally Screw-Up Finance

Posted by Peter Orr on Oct 09, 2013

"To confuse the model with the world is to embrace a future disaster driven by the belief that humans obey mathematical rules."  - The Financial Modeler's Manifesto, Emanual Derman and Paul Wilmott

Read More

My beef with the NYTimes and Morgenson on Municipal Swaps, pt1

Posted by Peter Orr on May 08, 2010

One of the (few) benefits of leaving a perfectly functional Street job is that I'm now free to have a free dialogue with the free press using my now free(er) speech.  To that end, I decided to engage the NYT a few weeks back regarding Gretchen Morgenson'sThe Swaps That Swallowed Your Town article.  This is the first of 3 posts recounting the transcript as surprisingly, they did engage.   

Read More

Are munis over-hedged with swaps? Pt3

Posted by Peter Orr on Oct 25, 2009

"It is better to understand a little, than to misunderstand a lot."

Read More

Topics: SIFMA, libor, swaps, hedging, muni