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James Montier Presentation at CFA conference


zarley

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A nice presentation by James Montier about basic flaws in finance and how they lead to bad outcomes:

 

How bad models, bad behavior, bad incentives, and bad policies interact to create perfect storms for markets

How physics envy in finance and the abuse of mathematics endanger our industry

What effects these problems have on the finance industry

 

http://annual.cfaconference.org/2012/05/06/live-stream-session-the-flaws-of-finance/

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