23 July 2009

Quote of the Day

. . . fear of the unknown and our desire for certainty lead us to throw ourselves into the arms of perceived ‘experts’ ... We trust quantitatively flavoured constructs to escort us away from the gloomy reality of unmeasurable uncertainty.
Pablo Triana in his new book Lecturing Birds on Flying, on the role of quantitative financial models in global finance, as reviewed in today's FT