Thomson Reuters

Quantitative Mein Kampf

Fresh from the Harvard Crimson oven:

"In light of these problems in the risk management process, (Professor Robert) Merton argues for more education in quantitative techniques, instead of shying away from them altogether. “One of the things I think comes out of this is a greater need for modern financial training and knowledge,” he says. “We should be teaching more about modern finance and these tools, not less.” "

With all due respect, this is akin to saying that one of the things that comes out of WWII is a need to translate Mein Kampf into more languages and to open up new Nazi indoctrination offices. When you are proposing as cure a heavier dose of that which caused the malaise, don´t complain if we endow you with the iatrogenist label