One suggestion for an MBA Financial Course
There have been many suggestions for those making up practical courses for graduate students seeking an MBA for a career on Wall Street.
One is the result of my observing the successes, failures and foibles that I have noted on Wall Street.
That has to do with the study of failures of the many mathematical models that have been devised to reduce risk. Simply, the models have not cut the investment risk that is their primary objective.
I am not talking about the well-discussed Black Swan concept of risk that happens once every fifty years or more, such as the current financial meltdown. But the constant use of financial models which don’t seem to work as they are intended to do..
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