Lecturing Birds on Flying is available to download free in pdf / epub format.
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. “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 “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.