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.