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

Extended Audio Sample Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets Audiobook, by Pablo Triana Click for printable size audiobook cover
0 out of 50 out of 50 out of 50 out of 50 out of 5 0.00 (0 ratings) (rate this audio book) Author: Pablo Triana Narrator: Erik Synnestvedt Publisher: Gildan Audio Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: July 2009 ISBN: 9781596594296
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For the past few decades, the financial world has often displayed an unreasonable willingness to believe that “the model is right, the market is wrong,” in spite of the fact that these theoretical machinations were largely responsible for the stock market crash of 1987, the LTCM crisis of 1998, the credit crisis of 2008, and many other blow-ups, large and small. Why have both financial insiders (traders, risk managers, executives) and outsiders (academics, journalists, regulators, the public) consistently demonstrated a willingness to treat quantifications as gospel? Nassim Taleb first addressed the conflicts between theoretical and real finance in his technical treatise on options, Dynamic Hedging.

In Lecturing Birds on Flying, Pablo Triana offers a powerful indictment on the trustworthiness of financial theory, explaining—in jargon-free plain English—how malfunctions in these quantitative machines have wreaked havoc in our real world. Triana first analyzes the fundamental question of whether financial markets can in principle really be solved mathematically. He shows that the markets indeed cannot be tamed with equations, presenting a long and powerful list of obstacles to prove his point: maverick unlawful human actions rule the markets, unexpected and unimaginable events shape the markets, and historical data is not necessarily a trustworthy guide to the future of the markets.

Lecturing Birds on Flying calls for the radical substitution of good old-fashioned common sense in place of mathematical decision making and the restoration to financial power of those who are completely unchained to the iron ball of classroom-obtained qualifications.

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About the Author

Pablo Triana is a successful professor, consultant, and author. He is a frequent contributor to business publications, including the Financial TimesForbes.com, Breakingviews.com, and Risk magazine, among others. Triana is also the author of Corporate Derivatives and Lecturing Birds on Flying. He holds an MS from New York University and an MA from American University.

About the Narrator

Erik Synnestvedt has recorded nearly two hundred audiobooks for trade publishers as well as for the Library of Congress Talking Books for the Blind program. They include The Day We Found the Universe by Marcia Bartusiak, A Game as Old as Empire edited by Steven Hiatt, and Twitter Power by Joel Comm.