The Number That Killed Us

"The Number That Killed Us" offers an insightful examination of the risk measurement model known as Value at Risk (VaR), revealing how its widespread adoption contributed to the 2007 financial crisis and ongoing market instability. Through thorough analysis, Pablo Triana uncovers the structural flaws and regulatory complicity that allowed financial institutions to take on excessive risks. The book aims to shed light on this misunderstood tool and advocates for crucial changes to prevent future economic turmoil.