Two on Risk

There’s a nice interview with Kathleen Hagerty over at CSO. She’s a finance professor, talking about risk. (Speaking of business school professors, work by Martin Loeb and Lawrence Gordon on the Economics of Information security investment is outstanding, and unfortunately, not online as an html or pdf file.)

Second, I just got around to reading “The Extralegal development of securities trading in seventeenth-century Amsterdam,” (PDF) by Edward Stringham. It’s a great paper on how the Dutch developed options, forward trades, and other market instruments, despite the fact that they were illegal. Readers of Stephenson will be amused to learn that the paper depends heavily on the Confusion de Confusiones, by a certain de la Vega.