Praise for Lecturing Birds On Flying “Finally, a book taking a critical look at Pablo Triana knows both thefinancial industry and the academic. Lecturing Birds on Flying has 68 ratings and 10 reviews. Pablo Triana knows both the financial industry and the academic community from the inside. Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets? Pablo Triana. John Wiley & Sons, , ISBN.

Author: Arashile Kagagami
Country: Honduras
Language: English (Spanish)
Genre: Life
Published (Last): 7 August 2005
Pages: 452
PDF File Size: 6.21 Mb
ePub File Size: 14.10 Mb
ISBN: 966-7-15525-295-7
Downloads: 38641
Price: Free* [*Free Regsitration Required]
Uploader: Balar

His debunking of conventionalwisdom is a treat. Published June 1st by Wiley first published January 1st Just a few pages later he is revealing to the reader that such an approach was not even used at all, or at least minimally.

The world “temporarily” behaves as if our models are correct. Selected pages Title Page.

Lecturing Birds on Flying

In other words, the financial decision-making should return to the use of “old-fashioned commonsense. This audiobook can be listened to on: Print edition must be purchased new and sold by Amazon.

If only the bankers had heeded this message a few years before, we might not be in such a big mess today. Triana’s impressive knowledge and experience allows him to dig deeper and go beyond the mere musings of his published peers. Amust-read for anyone interested in finance. At times the arguments are very clear and concise, at others the writer comes off as a child using big words just to impress the adults.

The point is this book speaks the truth. Get fast, free shipping with Amazon Prime. He shows that the markets indeed cannot be tamed with equations, presenting a long pqblo powerful list of obstacles to prove his point: His opinions on the pabpo for change, especially the financial economics professors’ influence in the real world of finance The relating of his work experience is another positive All in all, I’d rather pass on the book, for I can assure anyone that the repetitiveness will be found very annoying.


Print edition purchase must be sold by Amazon. 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.

The tired “perfect storm” alibi may be a facade.

Not much that’s really original or thought through that I saw, though I admit I only read it spottily. He is a frequent contributor to business publications, including the Financial Times, Forbes. Mathematics do not reveal the causal mechanisms responsible for uncertainty and risk. Dan Boles rated it it was amazing Jul 18, By the time he has finished marshalling his evidence, his call to replace complex equations with something more like flyin sense sounds like, well, common sense.

Lecturing Birds on Flying – Canada Pension Plan Investment Board – OverDrive

He relies heavily on the ideas of Nassim Taleb and Emanuel Derman, who explain that people who have experienced improbable events overestimate the chance that such events will recur, while others underestimate it.

Stubbornly holding the theoretical fort. To substantiate the claims that the author is making in this book would swell its pages to number in the thousands. There are some enlightening stories about well known figures, and a couple of nuggets of insight. If you’re still having trouble, follow these steps to sign in.

Mohamed Lotfy rated it liked it Sep 22, A Moral Approach to the Dismal Science “Pablo Triana is an entertaining and engaging writer, even onthe dry subject of finance theory. Crash of the Titans. A Moral Approach to the Dismal Science “Pablo Triana is an entertaining and engaging writer, even on the dry subject of finance theory.

Get people to pay the wrong price for something, then prance down to the trading desk patting yourself on the back and watch the trader try to keep a straight face. As Nassim Nicholas Taleb writes in his witty introduction to the book, giving someone the wrong map is worse than giving them no map at all. He shows that the markets indeed cannot be tamed with equations,presenting a long and powerful list of obstacles to prove hispoint: The book is way too repetitive!


Even if I could forgive the author for failing to be creative with the language, I can not forgive the editor or publisher simply because of how much I paid for this book.

With deep insight, Triana deconstructsthe “pillars” of mathematical finance. Feedback Recent updates Help. May 30, Sebastian Perez Saaibi rated it did not like it.

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? It is also incredibly long winded and particularly effective in driving me to impatience.

It trianaa over itself enough that you might think it should have been a much shorter pamphlet instead, but that’s not it either.

Somewill cheer out loud; others will yelp as cherished beliefs are torninto. Overall rating No ratings yet 0. It should, by rights, spark a revolution in both investment banks and business schools.

Lecturing Birds on Flying : Pablo Triana :

A must read for anyone who views mathematics as the highest form of lecturibg That is, unless you want to put up with more than pages of prose like this: Share your thoughts with other customers. Jul 18, Paul rated it liked it. Warren Hosseinion rated it really liked it Mar 30, An end to indoctrination.