QuoteOriginally posted by: trademasterQuoteOriginally posted by: daveangelQuoteOriginally posted by: trademasterI have read more pros than cons in this thread. The fact is that finance is not even a science. Some may call it pseudo-science which is again not a science. Finance is not a premise that one can inject untested, questionable, scientific theories/models and disregard subjective judgements. One such theory is the BSM theory, which mathematically very sophisticated-looking, that must have been called crackpot rigor and that one must always be on guard against it.I'd like to close this thread with the following"There is perhaps no beguilement more insidious and dangerous than an elaborate and elegant mathematical process built upon unfortified premises" - Thomas C. Chamberlain, Geologist (1899)You can't close a thread.... it seems that you had some views that you wanted to air namely that Pablo Triana and Nassim Taleb have the answer to everything. I can assure that I have learnt to rest my guard against crackpot theories.I've never said Taleb is right. Unlike many so-called professionals sitting on the fence and being dishonest, Taleb's fought against what could be dangerous to society at large. Perhaps you could do the same. See discussion in depth by Elie Ayache about The Blank Swan: The End of Probability. The Blank Swan (book). I dislike those who sit around being intellectually dishonest, skeptical, even confused, and jealous of people who spend time and energy write books in attempt to put things in the right background and perspectives.See more of Models.Behaving.Badly - Emanuel Derman. The illusions of dynamics replication - E Derman and N Taleb.Theories come and go, the markets remain.If you don't think that Taleb is right then why do you think he was fighting against what "could be dangerous to society at large". Taleb writes books which he sells. He appears on TV programmes and discuss in his thick accent the fact that large events happen sometimes. What you like or dislike is not for me to opine on. As for Ayache's thread, I honestly could not follow it. It is the sort of thing that French pseudo-philosophers enjoy. Not sure what your point is or if you really have a view.

QuoteOriginally posted by: daveangelIf Taleb is not right then why do you think he was fighting against what "could be dangerous to society at large". I don't think Taleb's fight is purely with the BSM model. As for Ayache's thread, I honestly could not follow it. It is the sort of thing that French pseudo-philosophers enjoy. Not sure what your point is or if you really have a view.Don't like or be jealous of Taleb and Ayache? Bring your fight to them!!!

And I thought the Scottish independence debate was heated!P

QuoteOriginally posted by: trademasterQuoteOriginally posted by: daveangelIf Taleb is not right then why do you think he was fighting against what "could be dangerous to society at large". I don't think Taleb's fight is purely with the BSM model. As for Ayache's thread, I honestly could not follow it. It is the sort of thing that French pseudo-philosophers enjoy. Not sure what your point is or if you really have a view.Don't like or be jealous of Taleb and Ayache? Bring your fight to them!!!you seem to like telling people what to do... you started this thread without any ideas of your own other than parroting some crap you have read somewhere that you think is philosophy but is no more than some psuedo-intellectual ramblings.

QuoteOriginally posted by: PaulAnd I thought the Scottish independence debate was heated!PHe, who uses his theory and fails in real life, has no say in any debate!

QuoteOriginally posted by: daveangel you seem to like telling people what to do... you started this thread without any ideas of your own other than parroting some crap you have read somewhere that you think is philosophy but is no more than some psuedo-intellectual ramblings.Say what you want to say. I understand you're just being jealous of intellectuals (like Taleb, Ayache, Triana, Derman, etc...) who are obviously more intelligent than you. Who would want to share good ideas to you! I assure you i don't.

QuoteOriginally posted by: trademasterQuoteOriginally posted by: daveangel you seem to like telling people what to do... you started this thread without any ideas of your own other than parroting some crap you have read somewhere that you think is philosophy but is no more than some psuedo-intellectual ramblings.Say what you want to say. I understand you're just being jealous of intellectuals (like Taleb, Ayache, Triana, Derman, etc...) who are obviously more intelligent than you. Who would want to share good ideas to you! I assure you i don't.Its a free country on Wilmott. But thanks for allowing me to say what I wish.I am not sure its that obvious that your four apostles are more intelligent than me but then again I couldn't care less if they were or not. But at least you finally expressed a view which was not something you were parotting.As for your lack of desire to share good ideas with me, then I am sure I will be a poorer man for it.

QuoteOriginally posted by: daveangelQuoteOriginally posted by: trademasterQuoteOriginally posted by: daveangel you seem to like telling people what to do... you started this thread without any ideas of your own other than parroting some crap you have read somewhere that you think is philosophy but is no more than some psuedo-intellectual ramblings.Say what you want to say. I understand you're just being jealous of intellectuals (like Taleb, Ayache, Triana, Derman, etc...) who are obviously more intelligent than you. Who would want to share good ideas to you! I assure you i don't.Its a free country on Wilmott. But thanks for allowing me to say what I wish....Haha...who is parotting and rambling now?! I can tell you i am much younger than you, but I can see your photo a grumpy old man with a silly hat! I am sorry you don't look intelligent at all. Don't let your pseudo-jealousy burn grumpy old body to ashes. If you're still jealous of my "apostles", go and smash your PC now. Let go of your anger! Go!By the way, you might be wrong in assuming me a man. Haha...i m enjoying every moment upsetting an old grumpy man.

QuoteOriginally posted by: trademasterQuoteOriginally posted by: daveangelQuoteOriginally posted by: trademasterQuoteOriginally posted by: daveangel you seem to like telling people what to do... you started this thread without any ideas of your own other than parroting some crap you have read somewhere that you think is philosophy but is no more than some psuedo-intellectual ramblings.Say what you want to say. I understand you're just being jealous of intellectuals (like Taleb, Ayache, Triana, Derman, etc...) who are obviously more intelligent than you. Who would want to share good ideas to you! I assure you i don't.Its a free country on Wilmott. But thanks for allowing me to say what I wish....Haha...who is parotting and rambling now?! I can tell you i am much younger than you, but I can see your photo a grumpy old man with a silly hat! I am sorry you don't look intelligent at all. Don't let your pseudo-jealousy burn grumpy old body to ashes. If you're still jealous of my "apostles", go and smash your PC now. Let go of your anger! Go!By the way, you might be wrong in assuming me a man. Haha...i m enjoying every moment upsetting an old grumpy man.What makes you think that I assumed you were a male ? You really ought to stop projecting.

Clearly not a man, obviously a troll.

QuoteOriginally posted by: PaulAnd I thought the Scottish independence debate was heated!Nobody cares about Scotland, everybody cares about making money.

QuoteOriginally posted by: daveangelIts a free country on Wilmott. But thanks for allowing me to say what I wish....What makes you think that I assumed you were a male ? You really ought to stop projecting.You know what? You're simply a jealous old man! The moment i wrote down the household names like Taleb, Derman, Ayache,... you jumped at them and called them pseudo this and that. I have read your posts and I don't think you are man enough and knowledged enough to debate anything. So you ought to stop projecting yourself as a man with knowledge. The moment you look down on me or anybody, you belittle yourself.

QuoteOriginally posted by: GamalQuoteOriginally posted by: PaulAnd I thought the Scottish independence debate was heated!Nobody cares about Scotland, everybody cares about making money.Is this thread about making money?

QuoteOriginally posted by: GamalQuoteOriginally posted by: PaulAnd I thought the Scottish independence debate was heated!Nobody cares about Scotland, everybody cares about making money.Agree. Money makes the world go round, not independence.

QuoteOriginally posted by: MHillIs this thread about making money?In background.