# Teach history to avoid mistakes of yesterday’s quants

## Quant grads should be taught follies of LTCM, Gaussian copula and London Whale, writes UBS’s Gordon Lee

This article accompanies Risk.net’s updated guide to the world’s leading quantitative finance master’s programmes. The full guide and a ranking of the top 15 courses can be found here.

#### Derivatives

###### An approximate solution for options market-making

An algorithm for the market-making of options on different underlyings is proposed