Point taken, but my bar isn't nearly that low. Back to trading.
Nasem Taleb of 'Black Swan' Fame Will Be On The Colbert Report Tonight @ 11:30 PM
- Thread starter ByLoSellHi
- Start date
Point taken, but my bar isn't nearly that low. Back to trading.
One of my engineering friends says:
"The entropy of the universe is increasing, unless you put some energy into the system."
"The entropy of the universe is increasing, unless you put some energy into the system."
FWIW, I dropped by the public library of an affluent mid-sized NYC suburb over the weekend. The library has three copies of Black; all have been lent, and 13 'hold' requests are in queue. Quite a splash for a financial-markets (of sorts) book.
Not a very good book. I don't recommend it. Maybe buy the cliff notes version or read the condensed online version. No need to spend $24 when you can get a free synopses that covers all the main points without the filler.
This is the sort of intelligent-sounding but content-free remark that too often surfaces in discussions of volatility/risk/derivatatives. Have you actually done any work on "tiered vol-regimes"? Do you have any evidence you're able to predict "tiered vol-regime" switches? Otherwise, the remark is just trivial nonsense.
Haha...I think you've probably the read the condensed version of everything from "Investing for Retards" to "How to Think Like a Human for Retards Second Edition."
Almost forgot "Turning Your Trailer into a Townhouse."
I believe the word is derivatives. I don't recall any statements intimating I can predict anything, nor is it a requirement. Here's a prediction nonetheless: We've witnessed the lows on swaps, strips and smile; and have nowhere to go but up. To use a transparent reference, we won't see VIX under 11 for years to come.
To answer your previous; yes, I have.