TRILLION DOLLAR BET EXPLANATION FOR THE IDEAS, CONCEPTS, EVENTS & HAPPENINGS TOOK PLACE INTRODUCTION: It was a brilliant discovery that revolutionized modern finance. An elegant mathematical formula that helped creates a multi trillion dollars industry. In moment of tremendous clarity they realized that two risky positions taken it can eliminate risk. This bold idea shaped one of the most ambitious investment strategies in history attracting the elite from Wall Street which confronted them with the biggest risk of all. Market began to act ways no one has seen before. It began to lose $100 million or more day after day came a day when they lost ½ a billion dollars in single day. These money machines driven by mathematical models had earned fantastic suns now as they spiraled out of control. Investors began to freeze to terror due the loss in the stock market. The crises threatened to bring markets around the world to the break of a collapse in quest to avoid a global economic downfall. CAPITALIZME: Since the dawn of capitalism there has been one golden rule: if you want to make money you have to take riskthen came one of the most individual endeavors of the century, the attempt to find a mathematical way to conquer risk to turn finance into a science. If it worked it was thought that it would open new rounds for worlds financial exchanges and forever change the way traders trade. BEN SCHWARTZ (Chicago Mercantile Exchange): He said I have seen many people come and go. People come with good fresh attitudes to the market but cant survive or handle the competition. Market is not for the weak If u cannot handle it you cannot be there and its otherwise that people might take your money and dont even feel bad. He said and elaborated that the exchange on which he works trades many strange and complex things like pork Billy futures, Interest rates swaps, Currency
