A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
Tuesday, February 24, 2009
Finance cults
Following from my post yesterday of Felix Salmon's excellent article on the use of Copulas in finance. Today Mr. Salmon has posted some excerpts of a response to his article written by a quant blogger who argues that, at least on the sell side, there is a cult-like mentality on wall street. The high priest of the cult is Professor X who is pedaling his latest formula. The quant money managers are the willing sheep.
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