Image: Pascal Le Segretain/Getty Images.
Black-Scholes. Not as you might first think, a hideous pox that caused peoples faces to peel off in the 16th Century, or even a descriptor for the bruising suffered after a (rubbish) tackle from a notorious Manchester United midfielder, but according to mathematician Ian Stewart, one of the possible reasons for the global financial meltdown we are currently experiencing.
I’m not going to even attempt to explain what the damn thing means – Ian can do that – but upon reading his article on Sunday morning in a semi-conscious fugue, I found myself making parallels between that and the death of Whitney Houston.
I know. Saturday night was a hell of a night.