Unfortunately, Refco made decisions that have killed it. We sincerely hope all investors are able to "get out" whole, but the entire event does demonstrate yet again the risk inherent in a free market. There will be good players and bad players.
A quick read from BusinessWeek and from Time on Refco.
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The advantage scientists bring into the game is less their mathematical or computational skills than their ability to think scientifically. They are less likely to accept an apparent winning strategy that might be a mere statistical fluke. (Read more)
