Title: The Zero Sum
(Act I: The Gamble) Marcus Thorne viewed the New York Stock Exchange as a cathedral of mathematics, and himself as its high priest. In the autumn of 2008, while the world trembled at the edge of a financial abyss, Marcus saw an opportunity. He designed a "predatory algorithm"—a complex web of credit default swaps that bet on the failure of mid-sized regional banks. He didn't just want to profit...
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