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" But after Kapor took Merton's finance course, he decided that quantitative finance was less a science than a faith - a doctrine for ideologues "blinded by the power of the model." It appealed to intellectuals who craved a sense of order but could lead them disastrously astray if markets moved outside the model. "

Roger Lowenstein , When Genius Failed: The Rise and Fall of Long-Term Capital Management


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Roger Lowenstein quote : But after Kapor took Merton's finance course, he decided that quantitative finance was less a science than a faith - a doctrine for ideologues