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Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets
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Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets

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3.11 of 5 stars 3.11  ·  rating details  ·  36 ratings  ·  5 reviews
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 ...more
ebook, 352 pages
Published June 8th 2009 by Wiley (first published 2009)
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Wes Devauld
This book is a roller-coaster of a read. Being that Pablo is not a native english writer it may be that a few of the problems with language should be overlooked; my difficulty is that the tome appears to be written by two different people. At times the arguments are very clear and concise, at others the writer comes off as a child using big words just to impress the adults. I often wondered if Pablo didn't take a thesaurus, and just grab the longest synonyms listed without understanding the subt ...more
E
A pithy, passionate polemic

This is a passionate attack on quantitative financial theory and its influence on business schools and the managers of financial institutions. Financial theorists, Pablo Triana says, are like ornithologists whose birdbrained formulas can’t even come close to approximating the experience of flight. If you have maintained a regular acquaintance with advances in the financial markets, for example, by reading newspapers, you may already be familiar with Triana’s analysis.
...more
Paul
A very useful companion volume to Nassim Taleb's BLACK SWAN, this book goes into great detail concerning the pitfalls of the market's over-reliance on abstract financial models in conducting its day-to-day trading. Great insights into some of the theoretical shenanigans, and non-grounded mathematics, which led to our recent economic near-collapse. Supposedly written for the lay person, which leads to a complaint: one would've hoped for a firmer editorial hand, to trim the text, avoid some repeti ...more
Matthew
Triana is essentially a Taleb disciple and derives most of his attitudes and thoughts from things that were originally said by Taleb in 'Fooled By Randomness' and/or 'The Black Swan'. His criticism of VaR is valuable, but his dry writing style is without question an obstacle against the reader's enjoyment of the book.
David
A bit tiresome. Hero-worship of Nassim Taleb, sarcasm. Not much that's really original or thought through that I saw, though I admit I only read it spottily.
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The Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets? Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis Sovereign Derivatives + Website: Analysis, Regulation, and Valuation Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets

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