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Pablo Triana

Entries by Pablo Triana

The Problem With Bonuses? Their In-Your-Faceness

(0) Comments | Posted October 13, 2009 | 5:55 PM

I am going to tell you a dirty little secret: I know why many of you are so angry about the financial crisis. Yes, losing a job or seeing one's investment portfolio depleted are certainly ugly outcomes. Having to endure endless hours of depressing TV coverage of the malaise is...

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Obama's Nobel Is a Boomerang

(6) Comments | Posted October 9, 2009 | 1:36 PM

You don't need to be a die-hard Michelle Malkin fan to wonder what exactly President Obama has done to earn the Nobel Peace Prize. Such doubting would not need to negate Obama's capacity for peace-promoting and desire for a more peaceful world. I am sure that the President both wishes...

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Why B-Schools Don't Change

(1) Comments | Posted October 7, 2009 | 10:52 AM

I recently read a business journalist lament in puzzlement that business schools have reformed themselves much less than would be required in light of the mayhem caused by the credit crisis. Such lack of atoning action is certainly puzzling. B-schools have repeatedly been taken to task, and even blamed for...

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Virgins Teaching At Porn School

(2) Comments | Posted September 29, 2009 | 1:39 PM

Let's say you want to become a porn star. After several years of holding more standard jobs, you decide to make a career switch in search of excitement, fame, and more interesting work colleagues. Since you lack experience in the industry, you begin looking for sex schools that can hopefully...

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Bankers Versus Bankers

(25) Comments | Posted September 19, 2009 | 1:14 PM

These days, almost everybody considers themselves to be victims of bankers. But let's not forget that many bankers have too suffered greatly from this banking-originating crisis. In essence, a (large) group of bankers has been mauled by the mayhem-igniting actions of another (small) group of bankers.

An aspect from...

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Why Doesn't the Media (Really) Care About the Credit Crisis?

(9) Comments | Posted September 14, 2009 | 2:20 PM

Last Thursday several men and women assembled in a sober Washington, DC room to discuss one of the key issues (if not the key issue) behind the terrible economic and financial crisis that has caused so much misery. Among the gatherees were top politicians and top financial pros. A world-renowned...

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Obama Should Stop by Taleb's Historic Congress Testimony

(1) Comments | Posted September 8, 2009 | 6:11 PM

This Thursday September the 10th marks a historic development for both Washington and the financial markets. The US Congress' Committee on Science and Technology will hold a hearing on the responsibility of mathematical model Value at Risk for the credit crisis. As HuffPost readers know full well, I have long...

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Taleb`s Value to a Politician

(0) Comments | Posted August 24, 2009 | 5:22 PM

As has been widely reported, Britain´s leading conservative politician David Cameron recently shared a podium with iconoclastic bestselling author Nassim Taleb. The composer of "The Black Swan" used the occasion to say certain things that instantly and rabidly captured the headlines, prompting some pundits to loudly wonder whether Taleb is...

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Why Nassim Taleb is the True Predictor of this Crisis

(41) Comments | Posted August 19, 2009 | 4:13 PM

The punditry and the world at large have been hard at work trying to find ex-ante predictors for the malaise that has engulfed our markets, our economies, and our societies. Desperate efforts to find those who "called it" have been relentlessly launched. We all seem to want to know who...

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The "Precision" of B-School Rankings Can Claim Victims

(0) Comments | Posted August 15, 2009 | 9:24 PM

Most of us hate uncertainty. We thirst for numerical guiding lights, we demand precise diagnosis. We con ourselves into believing that someone, somewhere, must have the answers, down to the third decimal. And yet, in embracing quantification, we may be sowing the seeds of untold malaise. The numerical sheep can...

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The Coming B-School Collapse

(8) Comments | Posted August 12, 2009 | 12:45 PM

As is well known, one of the consequences of the economic and financial malaise that has engulfed the world for the past couple of years has been a very substantial increase in the number of applications to MBA programs. B-school has traditionally been a safe haven for those unlucky enough...

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Paul Krugman Voted for Bush

(2) Comments | Posted August 3, 2009 | 5:56 PM

And Rush Limbaugh loves Obama. And Pamela Anderson needs breast implants. And New Yorkers root for the Red Sox. What a bunch of silly notions, right? I have another big silly notion for ya: the investment banking industry is dead and will never regain its golden clout of old. Silly,...

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The Nobel Crisis

(5) Comments | Posted July 20, 2009 | 12:55 PM

Everyone and their brother know that we are immersed in a variety of, familiarly-named, crises: the credit crisis, the mortgage crisis, the subprime crisis, the banking crisis, the derivatives crisis, the ratings crisis, the capitalism crisis, the hedge fund crisis, the regulation crisis, the bonus crisis. But, quite possibly unbeknownst...

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Apply Debt-For-Equity To Business Schools

(2) Comments | Posted July 15, 2009 | 10:13 AM

Prominent commentators have proposed that the solution to our current economic and financial predicaments lies in going through a huge debt-for-equity swap whereby creditors become equityholders and debtors are thus relieved of their (mostly, unmeetable) obligations. Cleanse the system from debt, the thinking goes, and all will go well. Would...

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In Finance, History Often Written By Losers

(13) Comments | Posted July 8, 2009 | 5:07 PM

Nassim Taleb, the famed author and iconoclast, explains in the foreword to my new book how he spent nearly two decades trading a type of complicated financial product known as exotic options, on underlyings such as stock prices, interest rates, currencies, or commodities. In fact, he was there right at...

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President Obama, Please Kill VaR

(0) Comments | Posted June 25, 2009 | 2:54 PM

What if I told you that the true culprit behind the credit crisis was a mathematical device known as Value at Risk (or just VaR)? And what if I told you that said tool has been promoted, embraced, and enforced by financial regulators for more than a decade? That such...

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Once More, we get Killed by "Experts"

(0) Comments | Posted June 16, 2009 | 5:26 PM

The financial and economic crisis that we continue to endure and suffer holds, certainly, many lessons for the future. Some of them are obviously specific: don't finance the purchase of an $800,000 home by an asset-less borrower making $15,000 a year; don't trust the rating agencies; beware of credit derivatives....

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B-School Professors, Not Students, Are To Blame

(36) Comments | Posted June 12, 2009 | 4:55 PM

Rivers of ink have been spilled blaming MBA graduates for the credit crisis. We are tired of reading how many of the disgraced bank executives that presided the institutions which dumb, ill-fated punts sank the world were endowed with the formerly-glorious degree. We are once more relentlessly reminded that Enron...

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