`Black Swan' Author Says Investors Should Sue Nobel for Crisis

[Claudius]

Quote from MAESTRO:

Most people do not usually understand Taleb's message. They treat his conclusions literally. However, the philosophy of "unknown" as well as the concept of "random" escapes 99.99% of people as we (humans) are not fit to fully comprehend those concepts. Naturally, inability to understand true meaning of randomness raises anger and animosity towards people who have made an effort to research this difficult subject.

Remember Donald Rumsfeld's "Unknown unknowns" quote?

"There are known knowns; there are things we know that we know. There are known unknowns; that is to say, there are things that we now know we don’t know. But there are also unknown unknowns; there are things we do not know we don’t know."


He was mocked mercilessly by the media, and yet it was probably one of the most profound and honest statements ever made by a politician.

 

[esc_trader]

Cheers: Taleb, Soros, Volker, Buffett

Jeers: Bernake, Greenspan, Geithner, Sommers

 

[goodgoing]

These are typical marketing methods for selling more of his books. His statements are vague and meaningless.

 

[jagadish]

Can we sue http://en.wikipedia.org/wiki/Muhammad_Yunus for http://en.wikipedia.org/wiki/Microfinance#Other_criticisms

 

[failed_trad3r]

Quote from mokwit:

e.g Trickle down economics? That justification for tax cuts for the super rich is negated by what I was told by a Director of a store chain in Indonesia that catered to the poor - he told me the poor spend every additional money they get immediately because hey have a permanent backlog of things they want to buy but can't because they don't have the money.

Thats why economics is a soft science.. not a hard one. it blows wherevere people want it to blow.

 

[MAESTRO]

Quote from LEAPup:

Don't listen to this MEASTRO guy! He trades from an old laptop.

Any new changes to your trading setup bro? I showed some pics to the guys I work with, and they said they thought they were doing good with three 24" monitors. Lol!

Well, now that we are a public company we had a chance to rebuild our somewhat aging system. We are in a process of building the room with a lot more visual effect including transparent screens, virtual reality goggles and 3D. Once we are done I'll post the pictures. Should be fun! I have been battling with illness, so it took a bit longer to get back on the horse.

Cheers,
MAESTRO

 

[MAESTRO]

Quote from beginnerjohn:

You are totally incorrect. You have zero credability here but Maestro has earned the stripes. Show some respect.

Envy has many forms.

Best
John

It was a joke and a good one too! Its' all good! I am glad that people remember me here.

Cheers,
MAESTRO

 

[MAESTRO]

Quote from Claudius:

Remember Donald Rumsfeld's "Unknown unknowns" quote?

"There are known knowns; there are things we know that we know. There are known unknowns; that is to say, there are things that we now know we don’t know. But there are also unknown unknowns; there are things we do not know we don’t know."


He was mocked mercilessly by the media, and yet it was probably one of the most profound and honest statements ever made by a politician.

I have been writing my own book on this subject for 2 years now. It is incredibly difficult! The concept of unknown really hurts your brain. I am hoping to be done soon and publish it (don't know how long will it take) but I am prepared to send a copy to a few select people for their feedback. The book is called "The Silver Scroll" and its a mixture of science and fiction. I thought it would be easier to present my ideas in this format.

Cheers,
MAESTRO

 

[beginnerjohn]

My apologies LEAPup and Maestro.

Never forgotten Maestro by a lot of people on here ! One of the few who makes one think more !

Best
John

Quote from MAESTRO:

It was a joke and a good one too! Its' all good! I am glad that people remember me here.

Cheers,
MAESTRO