The Wilmott Revolutionaries
Very well known derivatives experts? Yes, but that´s not it
Best-selling authors? Warmer, but not yet
Former hot shot practitioners? Sure, but we can do better
Maverick idiosyncratics? Close, but no cigar
What truly defines these widely-followed bloggers as a group is their status as status quo-challenging, conventionalism-shattering revolutionaries. Prior to these individuals putting their thoughts in print, we were tagging along blindly worshipping universally-unchallenged dictums: derivatives are about complex math, finance theory reigns supreme, people use Black-Scholes, quants are boring.
We now know better, thanks to our frequenting of Wilmott´s blogs and our devotion to those bloggers´general ruminations, whether in hard copy or e-copy. A revolution has been unleashed. Most likely tomorrow´s (today´s?) finance students won´t sheepishly and unquestionably believe yesterday´s orthodox dogma in the conformist manner that we (I) did.
If a couple of years from now, newly-minted b-school and math school graduates, journalists, regulators, and many pros have accustomed themselves to seriously (and unashamedly) doubting financial modelling, financial economics, and modern option pricing theory it will all be due to the groundbreaking valiant musings of a bunch of free-thinkers who from time to time joined each other in that shared platform known as Wilmott blogs.
