I disagree with the main thesis here. The author states that complexity is due to opacity. This may be true in some cases but there are a number of complexities in finance that are not opaque. For example, look at all the optionality and contingent payouts in an 'Power Reverse Dual Currency' derivative. It's a really complex thing. However, the term sheets tell you everything about the transaction and the ultimate payout of the derivative (it may be 50 pages long, but it's all there).
To say that all things in finance are complex because they are opaque is pretty wrong. Maybe the author is talking about a different dimension of finance (e.g. the unpredictability of human behavior, I mean sure, that's opaque, but that's not finance).
To say that all things in finance are complex because they are opaque is pretty wrong. Maybe the author is talking about a different dimension of finance (e.g. the unpredictability of human behavior, I mean sure, that's opaque, but that's not finance).