Nassim Taleb: "Who got burried?"

PostPostcript
The IYI thinks this criticism of IYIs means “everybody is an idiot”, not realizing that their group represents, as we said, a tiny minority — but they don’t like their sense of entitlement to be challenged and although they treat the rest of humans as inferiors, they don’t like it when the waterhose is turned to the opposite direction (what the French call arroseur arrosé). (For instance, Richard Thaler, partner of the dangerous GMO advocate Übernudger Cass Sunstein, interpreted this piece as saying that “there are not many non-idiots not called Taleb”, not realizing that people like him are < 1% or even .1% of the population.)

N.T.
 
The smart needs to know that she knows.
The ignorant thinks knowing better is better.
The wise knows that he doen't know what he doen't know, and not vica versa.
 
I have recently read this quote in Modern Trader Magazine:

"TESLA now is a religion and Elon Musk is their unquestioned messiah"
-David Booth

undoubtedly you believers have found your messiah in Nassim Nicholas Taleb, best of luck to you all... Don't forget "Jonestown".


PS issue 524, page 49....
 
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Say what you want about him....at least the man has a sense of humor....




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dealmaker said:
What a hypocrite this Taleb is! When Universa Investments supposedly made $1 billion he did the tour of financial tv networks and talked like a prophet. Later when it was revealed that the whole thing is an exaggeration/ hoax he backed away. Apparently there was not even enough open interest to make such an amount possible and to boot, Universa did not have enough assets under management for such a bet. Since he is such a math and trading genius why did he not figure out the open interest issue himself or why is he not managing his own mega hedge fund or teaching at Harvard ( Columbia is no Harvard)? Just another "boy who cried wolf".

http://www.allaboutalpha.com/blog/2...ar-claim-from-black-swan-fund-not-from-taleb/

http://www.wsj.com/articles/nassim-talebs-black-swan-fund-made-1-billion-this-week-1440793953

http://www.topuniversities.com/univ...ct-rankings/top-universities-mathematics-2015
More...

Did you ever check out how Sosnoff did the derivation quoted in the first article ? Could be worth to get an accurate point of view on who is a real trader with millions made on the markets and who is a ... tastytrader

https://en.wikipedia.org/wiki/Mark_Spitznagel
https://www.tastytrade.com/tt/shows/you-ve-gotta-be-kidding-me/episodes/black-swan-fund-09-03-2015
 
Eliterondrouge said:
Did you ever check out how Sosnoff did the derivation quoted in the first article ? Could be worth to get an accurate point of view on who is a real trader with millions made on the markets and who is a ... tastytrader

https://en.wikipedia.org/wiki/Mark_Spitznagel
https://www.tastytrade.com/tt/shows/you-ve-gotta-be-kidding-me/episodes/black-swan-fund-09-03-2015
More...

1) I am not a Tastytrade disciple...

2) Thank you for posting the derivation video...

3) I believe Sosnoff is the real trader with millions made not Spitznagel...
 
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