Wired magazine, March 09, just got it. The Secret Formula that Destroyed Wall Street by Felix Salmon. David X. Li, a Chinese math wizard developed a risk measurement model in a Gaussian copula function that provided a means to assessment of complex risks. Too much faith was placed in the model, which fell apart in the last few months causing the market crash we now enjoy. It’s a very well written article, and scary as hell. Li has now returned to China and dropped out of contact. Conspiracy theories, anyone?