Praise for Lecturing Birds On Flying
"Finally, a book taking a critical look at quantitative financemodels, illuminating both their flawed fantasy assumptions as wellas the uncritical use of such models on Wall Street, in many cases,leading to billion dollar losses. Pablo Triana knows both thefinancial industry and the academic community from the inside. Amust-read for anyone interested in finance."
—Dr. Espen Gaarder Haug, trader, thinker, and authorof Derivatives Models on Models
"A thoroughly readable explanation of the problems that havebeset the models and quantitative techniques that have underpinnedso much of finance in recent years. If only the bankers had heededthis message a few years before, we might not be in such a big messtoday."
—Gillian Tett, Assistant Editor of the FinancialTimes, overseeing global financial markets coverage, and authorof Fool's Gold
"Pablo Triana dismembers quantitative finance, in theory and inpractice, with expertise, anger,and an excellent eye for theilluminating anecdote. By the time he has finished marshalling hisevidence, his call to replace complex equations with something morelike common sense sounds like, well, common sense."
—Edward Hadas, Assistant Editor atBreakingviews.com; and author of Human Goods,Economic Evils: A Moral Approach to the Dismal Science
"Pablo Triana is an entertaining and engaging writer, even onthe dry subject of finance theory. His debunking of conventionalwisdom is a treat."
—Pauline Skypala, Editor, FTfm, FinancialTimes
"Triana's book is an unrelenting fusillade of detailed andirrefutable arguments against financial theorems and those whoteach them. It should, by rights, spark a revolution in bothinvestment banks and business schools. But, at the very least, itis required reading for anyone who would regulate the financeindustry."
—Felix Salmon, Finance Blogger, Reuters
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