Tag Archives: finance

Willful ignorance and the financial crisis – part 2

Gretchen Morgenson writes on the roots of the collapse of Merrill Lynch in How the Thundering Herd Faltered and Fell as part of a New York Times series on the financial crisis: “In 1997 and 1998, when we invented super … Continue reading

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Ecology for bankers

In Feb 21 2008 Nature, ecologists Robert May, Simon Levin, and George Sugihara write about how ecological thinking can be used to illuminate financial dynamics in their commentary Complex systems: Ecology for bankers: ‘Tipping points’, ‘thresholds and breakpoints’, ‘regime shifts’ … Continue reading

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Taleb on the failures of financial economics

Nassim Nicholas Taleb writes in Financial Times that because financial economics focus on normal and marginal behaviour at the expense of shocks and market reorganizations it is a pseudo-science hurting markets: I was a trader and risk manager for almost … Continue reading

Posted in Reorganization, Vulnerability | Tagged , , , , , , | 2 Comments