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Showing posts with the label Lévy distribution

What Really Happened?

WSJ story Tuesday, vaguely sourced by plausible, tells us that the London Whale, Bruno Iksil, "once confided" to a certain colleague, "that when he wanted to avoid questions from supervisors about his trades, he sometimes would start discussing a mathematical term, equation, or other technical jargon, to confuse and end the conversation." He'd get free rein/reign because his bosses were afraid of hearing his explanation of  the analytical expression of a Lévy distribution one more time? Aaaaah.