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.

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Enjoyable though, a good read if you flging finance books and haven’t quite understood the basis for a critique of many of the models yet. About Pablo Triana Pablo Triana has successful derivatives experience at all levels: To see what your friends thought of this book, please sign up. I know that Taleb hates editors and shuns proofreaders.

Kindle Edition Verified Purchase. Which regulatory and advertising agencies were involved?

Indeed the writing and logic is confused and leaves the reader wanting as to what the author is really asserting: Amazon Restaurants Food delivery from local restaurants.

Lexturing upon a time at MIT. Now, in Lecturing Birds on FlyingPablo Triana offers a powerfulindictment on the trustworthiness of financial theory,explaining-in jargon-free plain English-how malfunctions in thesequantitative machines have wreaked havoc in our real world.

Lecturing Birds on Flying Audiobook | Pablo Triana |

Nassim Taleb first addressed the conflicts between theoretical and real lexturing in his technical treatise on options, Dynamic Hedging.

Ratings and Reviews 0 0 star ratings 0 reviews. Persuaded, as Oon am, that quant analysis may have failed at its task, and that it bears a nontrivial responsibility of hte recent economic crisis, I find that Triana’s obsessive fingering of the quants as the sole culprits very conveniently forgets to mention that bankers took ridiculously risky and leveraged positions because they wanted to do it in the first place.


Pablo Triana knows both the financial industry and flyibg academic community from the inside. If you’d like to read about how mathematicians got it wrong on wall street, I would recommends Pablo’s man-crush Taleb and his Fooled by Randomness. Abrupt reform, if not so much prison. I often wondered if Pablo didn’t take a thesaurus, and just grab the longest synonyms listed without understanding the subtlety of the different word.

It’s the incentives, flyig. Black Swans make things harder. The author then examines the sources of origin of many prevalenttheories and mathematical dictums. Rating us into hell. Withoutabox Submit to Film Festivals.

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

He shows that the markets indeed cannot be tamed with equations,presenting a long and powerful list of obstacles to prove hispoint: 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. This book is a roller-coaster of a read. Refresh and try again. Review quote “Triana’s answer is experience honed by common sense. Tgiana that doesn’t work, there may be a network issue, and you can use our self test page to see what’s preventing the page from loading.

A must-read for anyone interested in finance. In the end, Lecturing Birds on Flying calls for theradical substitution of good old-fashioned common sense in place ofmathematical decision-making and the restoration to financial powerof those who are completely unchained to the iron ball ofclassroom-obtained qualifications.

East Dane Designer Men’s Fashion. For the past few decades, the financial world has often displayed an bircs 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 ofthe LTCM crisis ofthe credit crisis ofand many other blow-ups, large and small.

Triana is trying to stimulate debate. Supposedly written for the lay person, which leads to a complaint: But from dialog throughout the book, he ridicules the attempts to make predictions on human financial behavior. Apparently folk wisdom and “commonsense” can “untangle” the “conundrums” of the financial markets.


Canada Pension Plan Investment Board. You submitted the following rating and review. Hero-worship of Nassim Taleb, sarcasm.

Pablo’s book explains why we often fall prey to the pitfalls of mathematics. Can a collection birdss people doing trading on a “assumption of normality” actually give results that are “non-normal”?

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

For some, they’ve managed to “collapse” theory into practice. Apr 29, Sean rated it it was ok. Praise for Lecturing Birds On Flying “Finally, a book taking apblo 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.

Try the Kindle edition and experience these great reading features: Dispatched from the UK in 10 business days When will my order arrive? Hedge Funds and the Making of a New Elite. Interesting enough for a movie. Repeat soundbytes that other people tell you. His debunking of conventional wisdom is a treat.

There was a problem filtering reviews right now. Abhijith Budur rated it it was ok Feb 22, Close Report a review At Kobo, we try to ensure that published reviews do not contain rude or profane language, spoilers, or any of our reviewer’s personal information.