Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets by Pablo Triana
Requirements: ePUB or AZW3 Reader, 1.2MB
Overview: Finally, a book taking a critical look at quantitative finance models, illuminating both their flawed fantasy assumptions as well as the uncritical use of such models on Wall Street, in many cases, leading to billion dollar losses. Pablo Triana knows both the financial industry and the academic community from the inside. A must read for anyone interested in finance.
A thoroughly readable explanation of the problems that have beset the models and quantitative techniques that have underpinned so much of finance in recent years. If only the bankers had heeded this message a few years before, we might not be in such a big mess today.
Genre: Non-Fiction, Business, Finance
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