Killer Formula

This is a MUST READ for anyone who really wants to get a solid understanding of how we got to where we are, as rapidly as we got here. (From the good folks of Wired Magazine one of my favorite publications.

Here's what turned your 401(K) into a "201(K)":

"In the mid-'80s, Wall Street turned to the quants—brainy financial engineers—to invent new ways to boost profits. Their methods for minting money worked brilliantly... until one of them devastated the global economy".