Interesting quant blog

A quick post to show a link to the blog of Tim Johnson at Heriot-Watt Unviersity. Lots of writing on derivatives topics, from models to regulations, plus plenty on markets and the crisis. Worth a look. Click here to visit.

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Are our models too complex?

Gillian Tett is a well-respected writer for the Financial Times and frequently picks up the topic of complexity in financial markets. In a recent article (see here) she makes a case that the era of number crunching is over, and that the world of investments is back again firmly in the domain of human relationships … Continue reading Are our models too complex?

Understanding the credit crisis

In an earlier post (see here) I put a link to an online book that explains all the main concepts of economics in terms of the classic 'Island Economy'. If you think about it in theoretical terms, this book is a 'proof' that the Island Economy is a sufficiently rich model into which many important … Continue reading Understanding the credit crisis

Economics book with cartoons, online for free!

I'm on a roll with Economics, getting through books and articles at a tremendous rate. But this one is a gem. Written by Irwin Schiff (read about him on Wikipedia do), it's available here¬†as a free-to-download pdf. His sons Peter & Andrew have published their own version of the story which reflects historical events more … Continue reading Economics book with cartoons, online for free!

Well-written articles & blogs about investing

I'll use this post to list my favourite online reads, updating whenever I come across something new. Suggested reading James Montier at GMO. A recent article uses the concept of mean-reversion together with the profit equation to explain why equity markets might not have such a stellar performance over the next 5-7 years. Click here … Continue reading Well-written articles & blogs about investing