But in today's complex, leveraged world tracking risk tension is increasingly complicated and difficult.
In an interview, Mr. Karzai attributed the country's stunning shift of fortunes to the spirit of the Afghan people, the resolve of the Afghan government and a series of highly complex leveraging arrangements that have "stripped out" much of the unpredictability of global markets via derivatives held chiefly by government ministers through offshore holding companies.
"The whole building is about to collapse anytime now," he said, adding that he was the "only potential survivor" of these "complex, highly leveraged, exotic trades he created".
Fabrice Tourre, the banker who had designed Abacus, was grilled by Levin's committee over emails he sent which suggested he knew that the "complex, highly leveraged, exotic" trades were a disaster waiting to happen.
"Only potential survivor, the fabulous Fab," he continued, not so humbly referring to himself, "standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications".
Only potential survivor, the fabulous Fab... standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all the implications of those monstruosities!!!" This is painful to read, but is it the whole message?
The whole building is about to collapse anytime now… only potential survivor, the fabulous Fab[rice Tourre].. standing in the middle of all these complex highly leveraged exotic trades he created without necessarily understanding all of the implications of those monstrosities".
"The whole building is about to collapse anytime now … Only potential survivor, the fabulous Fab … standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities [sic]!!!" Tourre wrote.
Importantly, they allow software pipelines that perform multiple complex simulations (leveraging distributed platforms), with one simulation driving another.
Importantly, software pipelines can be established that perform multiple complex simulations (leveraging distributed platforms), with one simulation driving another.
