(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

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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.   

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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."

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Topics: SIFMA, swaps, libor, muni, hedging