TIME Covers Wall Street

1994: Deriviatives on Wall Street

1994: Deriviatives on Wall Street
"Wall Street's new products are so complicated and interdependent that only the advanced number crunching of the quants can untangle the risks involved; without it, the market crushes you. The result is that techies in large numbers -- engineers who lost jobs at the superconducting supercollider, doctoral students bored with their computer-science dissertations -- are heading for Wall Street. Wall Street as the real world is a concept that could raise eyebrows. But some financial experts wonder whether the quants are weakening whatever contact with reality the street may have had."
From: Attack of the Data Miners, Apr. 11, 1994

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