After all the fascinating war stories were related by our fine panel, Bob Litterman, Leslie Rahl, Eli Ayache and Bruno Dupire , there was this almost embarassed admission that quant solutions to protect against risk and the dangers of volatility may not necessarily protect against the exaggerated level of confidence that existed in Wall Street in 2007, prior to the 2008 meltdown.

FORBES: The Quants May Not Be Able To Prevent The Next Meltdown