Wilmott-Taleb
Seminar

Robust Risk Management With Wilmott And Taleb
AN EXCLUSIVE TWO-DAY WORKSHOP
PAUL WILMOTT & NASSIM NICHOLAS TALEB
20th/21st January 2010
LONDON

• We live in a complex system. What does it mean?
• Interdependence and risk sharing
• Robustness, redundance and degrees of complexity
• Those who can blow up will blow up
• Why complex systems cannot handle leverage
• The fate of complex derivatives
  
• Which eggs we’ll have to break to make the omelette: a glimpse at the only possible future
  
• How to simulate fat tails
• The concept of delta-alpha
• The commonest quant mistakes
  
  
• Why calibration does not work
  
• The dangers of correlation
  
• Importance of nonlinearity
  
• Why simple models are often the best and why too much math can be dangerous
  
• A summary of what to do

  Places for this course will go very quickly

Course
benefits:

• Two days with the two most influential derivatives practitioners
• Learn about blow ups and how to avoid them
• A focus on the wrinkles of practice by those who have most influenced
  appliedderivatives thinking
• Restricted class size to maximize interaction and allow individual attention
• Learn from the author of Paul Wilmott on Quantitative Finance
• Meet Nassim Nicholas Taleb, author of Dynamic Hedging

Who
should attend this course:

• Derivatives professionals who want an extra edge
  
• Risk managers who need to figure out things not in books and equations
  
• Experienced traders who want some perspective
  
• Sell-side managers who want to see where their money is at risk
  
• Buy-side managers who want to improve their risk/return profile

  Cost: £1999 + VAT