Well, thank you for reposting it. I missed it the first time.
Nasim Taleb Speaks Wednesday
- Thread starter marketsurfer
- Start date
Well, thank you for reposting it. I missed it the first time.
You're welcome. But I didn't re-post it either. At least not any time recently that I can recall. Really.
I meant apex. Sorry TD.
But thanks to you for your contribution to this thread, and to marketsurfer, and to everyone else.
I had never been exposed to any of this before this thread, and it is one of those rare things that is forcing me to re-evaluate my fundamental patterns thinking and behaving.
No. I don't believe that would be relevant at all to the philosophy, as it relates to trading or investing, espoused by Taleb.
Do you?
Yes. And thank you for reminding me.
When I read this the other day I couldn't remember the thread
you may want to read this, at least the first 20-30 pages; practical and pertinent discussion of risk and reward in trading albeit options.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=53037&perpage=6&pagenumber=1
Nasim aka captain obvious
The comment below was made my a reviewer of the book "The Black Swan":
"As per 'The Black Swan', the idea that unimportant events are routinely underanticipated, I would argue the latter. You make more money selling insurance for extreme events playing on overblown fears, as evidenced by the success of insurance, and reinsurance companies, or the success of selling out-of-the-money put options."
Since this message board is comprised of elite traders, I am curious as to how an elite trader reacts to this comment.
"As per 'The Black Swan', the idea that unimportant events are routinely underanticipated, I would argue the latter. You make more money selling insurance for extreme events playing on overblown fears, as evidenced by the success of insurance, and reinsurance companies, or the success of selling out-of-the-money put options."
Since this message board is comprised of elite traders, I am curious as to how an elite trader reacts to this comment.