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Revenge of the Nerd

5 pointsby nikilsalmost 16 years ago

1 comment

tokenadultalmost 16 years ago
"To Wilmott, Gaussian is an example of how dangerously abstract quant finance has become. 'We need to get back to testing models rather than revering them,' he says. 'That's hard work, but this idea that there are these great principles governing finance and that correlations can just be plucked out of the air is totally false.'"<p>Hear. Hear.