Fun with Math, Part 2: Credit Risk Illustrated

Fun with Math, Part 2: Credit Risk Illustrated

A common view of bankers is that we spend our mornings swindling the public and our afternoons rolling around in piles of money.  While I can’t speak for the investment banking community, life in commercial banking is far less edgy (and far more ethical).  In our...
Easier isn’t always Better

Easier isn’t always Better

When I was studying for my MBA, my favorite courses were in economics.  On the first day of one class, the professor wandered in with a stack of newspapers.  Each paper contained an article that he’d selected for the sole purpose of reading aloud and then demolishing...