Book description
Praise for Lecturing Birds On Flying
"Finally, a book taking a critical look at quantitative finance
models, illuminating both their flawed fantasy assumptions as well as
the uncritical use of such models on Wall Street, in many cases,
leading to billion dollar losses. Pablo Triana knows both the
financial industry and the academic community from the inside. A
must-read for anyone interested in finance."
-Dr. Espen
Gaarder Haug, trader, thinker, and author of Derivatives
Models on Models
"A thoroughly readable explanation of the problems that have
beset the models and quantitative techniques that have underpinned so
much of finance in recent years. If only the bankers had heeded this
message a few years before, we might not be in such a big mess
today."
-Gillian Tett, Assistant Editor of the
Financial Times, overseeing global financial markets
coverage, and author of Fool's Gold
"Pablo Triana dismembers quantitative finance, in theory and in
practice, with expertise, anger,and an excellent eye for the
illuminating anecdote. By the time he has finished marshalling his
evidence, his call to replace complex equations with something more
like common sense sounds like, well, common
sense."
-Edward Hadas, Assistant Editor at
Breakingviews. com; and author of Human Goods,
Economic Evils: A Moral Approach to the Dismal Science
"Pablo Triana is an entertaining and engaging writer, even on
the dry subject of finance theory. His debunking of conventional
wisdom is a treat."
-Pauline Skypala, Editor,
FTfm, Financial Times
"Triana's book is an unrelenting fusillade of detailed and
irrefutable arguments against financial theorems and those who teach
them. It should, by rights, spark a revolution in both investment
banks and business schools. But, at the very least, it is required
reading for anyone who would regulate the finance
industry."
-Felix Salmon, Finance Blogger, Reuters
Pablo Triana has successful derivatives experience
at all levels: on the trading floor and as a professor, consultant,
and author. He is a frequent contributor to business publications,
including the Financial Times, Forbes. com,
Breakingviews. com, and Risk magazine, among others.
Triana is also the author of Corporate Derivatives. He holds a
master of science from the Stern School of Business, New York
University, and a master of arts from American University.
