“The truth is that banks are the last feudal kingdoms, their rulers omnipotent, divine warlords. Their key lieutenants are 'ronin' (wandering mercenary samurai) who roam financial markets ready to ally themselves to any warlord for a share of plunder. This is not the place to apply the latest management theory.” BusinessFinanceFinancial MarketsBusinessman As Warrior Book:Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives Source: Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives
“Fashion models and financial models are similar. They bear a similar relationship to everyday world. Like supermodels, financial models are idealized representations of the real world, they are not real, they don't quite work the way that the real world works. There is celebrity in both worlds. In the end, there is the same inevitable disappointment" - Satyajit Das, Traders, Guns & Money” FinanceAbstractionModelingModelling Book:Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives Source: Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives