Take his first book, The Alchemy of Finance. On the one hand, he seems to discuss ideas of scientific explanation by throwing in big names like “deductive-nomological,” something always suspicious as it is reminiscent of postmodern writers who play philosophers and scientists by using complicated references. On the other hand, he does not show much grasp of the concepts. For instance, he conducts what he calls a “trading experiment,” and uses the success of the trade to imply that the theory behind it is valid. This is ludicrous: I could roll the dice to prove my religious beliefs and show the
...more
