Success during the 2007-2008 Financial Crisis
Taleb appeared to be vindicated against statisticians in 2008, as he reportedly made a multi-million dollar fortune during the Financial crisis of 2007â2008, a crisis which he attributed to the failure of statistical methods in finance [20][21]. Universa, where Taleb is advisor, made returns of 65% to 115% in October 2008 in its approximately $2 billion âBlack Swan Protection Protocol.â [22]
Taleb's financial success coupled with his earlier predictions have seen him catapulted to prominence. He has appeared on numerous magazine covers and television shows to discuss his views [23] [24] Taleb started being treated as a "rock star" in Davos 2009 in which he had harsh words for bankers [25] [26].
In an article in The Times, Bryan Appleyard described Taleb as "now the hottest thinker in the world". [27] The Nobel Laureate Daniel Kahneman proposed the inclusion of Taleb's name among the world's top intellectuals, citing "Taleb has changed the way many people think about uncertainty, particularly in the financial markets. His book, The Black Swan, is an original and audacious analysis of the ways in which humans try to make sense of unexpected events." [28]
http://en.wikipedia.org/wiki/Nassim_Taleb
Taleb appeared to be vindicated against statisticians in 2008, as he reportedly made a multi-million dollar fortune during the Financial crisis of 2007â2008, a crisis which he attributed to the failure of statistical methods in finance [20][21]. Universa, where Taleb is advisor, made returns of 65% to 115% in October 2008 in its approximately $2 billion âBlack Swan Protection Protocol.â [22]
Taleb's financial success coupled with his earlier predictions have seen him catapulted to prominence. He has appeared on numerous magazine covers and television shows to discuss his views [23] [24] Taleb started being treated as a "rock star" in Davos 2009 in which he had harsh words for bankers [25] [26].
In an article in The Times, Bryan Appleyard described Taleb as "now the hottest thinker in the world". [27] The Nobel Laureate Daniel Kahneman proposed the inclusion of Taleb's name among the world's top intellectuals, citing "Taleb has changed the way many people think about uncertainty, particularly in the financial markets. His book, The Black Swan, is an original and audacious analysis of the ways in which humans try to make sense of unexpected events." [28]
http://en.wikipedia.org/wiki/Nassim_Taleb
