"McKinsey Quarterly: You question many of the underpinnings of modern financial theory. If you were the dean of a business school, how would you overhaul the curriculum?
Nassim Nicholas Taleb: I would tell people to learn more accounting, more
computer science, more business history, more financial history. And I would
ban portfolio theory immediately. It’s what caused the problems. Frankly,
anything in finance that has equations is suspicious. I would also ban the use of statistics because unless you know statistics very, very well, it’s a dangerous, double-edged sword. And I would ban linear regression. All these things don’t work."
(in McKinsey Quarterly)
