Taleb takes on Black, Scholes, Merton

WOW. This one is hard hitting for any paper, let alone an academic paper.And on top of that it is co-authored by Espen Haug and Nissam Taleb (yep same one).The paper itself says "do not quote" so I won't. It also says do not disseminate but the authors (put it online, so I think that one is just for show....lol).But the abstract is fair game, so from the abstract:"However we have historical