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September 26, 2008
Best Book on the Financial Crisis That You Haven't Read
Not sure if I've mentioned this book here before, and it's admittedly for the empirically minded, but the best book on the current crisis remains Riccardo Rebonato's excellent Plight of the Fortune-tellers. Great reading -- from before things melted down -- on how risk models could go awry and hurt us all, as well as about a path forward.
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