Re: AMD planning 45nm 12-Core 'Istanbul' Processor ?

"Sebastian Kaliszewski" <s.usun.to@[EMAIL PROTECTED]
> wrote in message 
news:g1jpkg$cqf$1@[EMAIL PROTECTED]
>
> You're piece of the work. They *can* & *do* estimate risk in their main 
> line
> of business. Otherwise they would be dead long time ago.
>
much snippage.

Let me just remind folks of the Long Term Capital Management debacle, and 
the more recent ones involving Swaps and Mortgage Backed Securities in 
which there was demonstrably a failure to correctly model the risk.  In 
particular, things happened which had been assumed to be impossible like 
house prices actually going down or currency fluctuations in the wrong 
direction, or similar things, leading to the total inability to trade 
because of the inability to calculate value of  certain instruments.

>
> Sebastian Kaliszewski
> -- 
> "Never underestimate the power of human stupidity" -- L. Lang