Essentially it talks about the limits of complexity, and how exotic devices can create exotic problems.
The reason this is relevant is the applicability of this principal to finance.
- Any financial model is only as good as the person or team using it
- Complex strategies can create unforeseen complications
- Some problems have no solution, so you have to choose which form of risk you want to deal with, risk now or risk in the future.
Really good article and I agree with all his points.