Lecturing Birds on Flying Book Reviews
Lecturing Birds on Flying by Pablo Triana & Nassim Nicholas Taleb Book Summary
LECTURING BIRDS ON FLYING
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, explainingin jargon-free plain Englishhow 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. The author then examines the sources of origin of many prevalent theories and mathematical dictums. He details how the field of financial economics evolved from a descriptive discipline to an abstract one dedicated to technically concocting professors' own versions of how such a world should work. He goes on to explain how Wall Street and other financial centers became eager employers of scientists, and how scientists became eager employees of financial firms. Triana concludes with an in-depth discussion of the most significant historical episodes of theory-caused real-life market malaise, with a strong emphasis on the current credit crisis.
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.
Book Name | Lecturing Birds on Flying |
Genre | Finance |
Author | Pablo Triana & Nassim Nicholas Taleb |
Published | 08 June 2009, Monday |
Language | English |
E-Book Size | 1.26 MB |
Lecturing Birds on Flying (Pablo Triana & Nassim Nicholas Taleb) Book Reviews 2024
We transfer money over €4 billion every month. We enable individual and business accounts to save 4 million Euros on bank transfer fees. Want to send free money abroad or transfer money abroad for free? Free international money transfer!
Did you know that you can earn 25 USD from our site just by registering? Get $25 for free by joining Payoneer!
Download Link | Book Format |
lecturing-birds-on-flying-ebook.pdf | |
lecturing-birds-on-flying-ebook.epub | EPUB |
lecturing-birds-on-flying-ebook.kindle | KINDLE |
Lecturing Birds on Flying E-book (PDF, PUB, KINDLE) Download
Lecturing Birds on Flying ebook lecturing-birds-on-flying (1.26 MB) download new links will be update!
Lecturing Birds on Flying Similar Books
Book Name | Score | Reviews | Price |
Freakonomics Rev Ed | 4/5 | 918 | $13.99 |
The Power of Habit | 4/5 | 2,441 | $4.99 |
Think and Grow Rich | 4.5/5 | 1,317 | $6.99 |
The Path to Happiness and Wealth | 4/5 | 265 | $9.99 |
A Little Bit of Everything For Dummies | 3.5/5 | 1,309 | Free |
Enhance sleep, vision, cognition, flexibility, energy, long-range health and more. Performance Lab CORE Formulas support all aspects of human performance, across all walks of life. Boosts work performance and productivity with nootropics for focus, multitasking under stress, creative problem-solving and more.
Book Name | Score | Reviews | Price |
Summary of Lecturing Birds on Flying by Pablo Triana & Nassim Nicholas Taleb
The Lecturing Birds on Flying book written by Pablo Triana & Nassim Nicholas Taleb was published on 08 June 2009, Monday in the Finance category. A total of 126 readers of the book gave the book 0 points out of 5.
Book Name | Author | Price |
Der Almanach von Naval Ravikant | Eric Jorgenson | Free |
Investing in Bonds for Beginners | Sam Ghosh | Free |
The Accumulation of Capital | Rosa Luxemburg | Free |
2013 Outrageous Market Predictions | Australian Investment Education Pty Ltd | Free |
The Pandemic Investor | Yash Kapilesh | Free |
Coinbase is the world's most trusted place to buy and sell cryptocurrency. Open an account today, and if you buy or sell $100 or more of crypto, you'll receive $10 worth of free Bitcoin!
Book Name | Author | Price |
How Finance Works | Mihir Desai | $34.99 |
Finance and the Good Society | Robert J. Shiller | $16.99 |
Black Edge | Sheelah Kolhatkar | $12.99 |
Islamic Finance For Dummies | Faleel Jamaldeen | $17.99 |
Fooled by Randomness | Nassim Nicholas Taleb | $15.99 |
Jasper is the generative AI platform for business that helps your team create content tailored for your brand 10X faster, wherever you work online.
Please wait! Lecturing Birds on Flying book comments loading...
Pablo Triana & Nassim Nicholas Taleb - Lecturing Birds on Flying Discussions & Comments
Have you read this book yet? What do you think about Lecturing Birds on Flying by Pablo Triana & Nassim Nicholas Taleb book? Ask the bookpedia.co community a question about Lecturing Birds on Flying!