Posted on Categories Expository Writing, Finance, OpinionTags , , , ,

It is not all the quants’ fault.

There is plenty of blame to go around from the current global financial crisis. But, I would like to point out that it is not “all the quants’ fault.” We are all now, unfortunately, sitting in the middle of a high quality (and extremely expensive) lesson in financial mathematics. I would hate for some of the truly important points to be lost to paying too much attention to some of the shiny details.

Continue reading It is not all the quants’ fault.