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

Extended Audio Sample Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets (Unabridged), by Pablo Triana
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (24 ratings) (rate this audio book) Author: Pablo Triana Narrator: Erik Synnestvetd Publisher: Gildan Media LLC Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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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.

Now, 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.

In the end, 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. Download and start listening now!

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Listener Opinions

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 by David | 5/3/2013

    " 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. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 by David | 7/3/2009

    " 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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