Taleb has switched to the dark side

Daal said:
I just hope Taleb is long gold (he usually is), he will get disrupted without owning the hedge. It will be hilarious. The man is a great risk theoretician but a horrible source of ideas on how to actually make money
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The big issue with Taleb is that as a Lebanese "influencer" he is hurting the people who look up to him

I am no longer a Taleb fan after reading that he used Saifedean to write the foreword on the book he did not even bother to read first

https://twitter.com/x/status/1382408580838649858
 
Daal said:
How many tech trends did Taleb caught early on in his life? That's right, none
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Highly irrelevant. He made a bunch of valid points (what we have been making too) and you are too butthurt because unable to deal with them.

Here is a little Prep-H...
 
I understand all the lack of fundamentals, value, and no tie to the economy discussions, but it doesn't fit the Ponzi definition. It can be mined by anyone, and it's exchanged between people who assign a value to it. Why Ponzi?
I have seen a few crypto scam over the years, stuff that never had a blockchain, or even a token... Onecoin scammed billions of dollars from people. And some other failed project that were marketed heavily. Although scam or failures, I still can't see a ponzi scheme there, thievery maybe. Like the Turkish exchange. Lots of scammers and thieves, but how can it be a ponzi if it's minebale and decentralised?
 
cesfx said:
I understand all the lack of fundamentals, value, and no tie to the economy discussions, but it doesn't fit the Ponzi definition. It can be mined by anyone, and it's exchanged between people who assign a value to it. Why Ponzi?
I have seen a few crypto scam over the years, stuff that never had a blockchain, or even a token... Onecoin scammed billions of dollars from people. And some other failed project that were marketed heavily. Although scam or failures, I still can't see a ponzi scheme there, thievery maybe. Like the Turkish exchange. Lots of scammers and thieves, but how can it be a ponzi if it's minebale and decentralised?
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I think what Taleb means is that there is an element of great fool theory to it. That leads to the boom and bust cycles, which is correct. Taleb, who is already rich, doesnt have the risk tolerance to hold a volatile asset, especially after it went up 5-10x from where he got in. He wanted out due risk aversion, but that is not enough, he suffers from grandiosity. So instead of just selling or rebalancing for risk management purposes, he decided to start a war in order to save world, like he often does

Its always some grand conspiracy where everyone is wrong and only he can see the truth and everyone needs to be educated and anyone that disagrees is an idiot or has no ethics. Only he has ethics and is smarter than everyone. Its the same thing over and over

Hollywood engages in virtue signaling, Taleb engages in Messiah signaling. Soros does it too, but at least he admits and is usually very polite at people, not to mention he actually has a track record in the real world. But Taleb will talk about shit he has zero expertise in to 'save the world'. I've seen him say shit about ADHD that he has no way of possibly knowing. He never read the literature on it or looked at a functional brain scan in his life, but the Messiah wants to talk about it. Its sickening

He is great on risk and conserving capital, he is terrible at everything else (finance related or not)
 
Pekelo said:
Eh??? Who the fuck called the US dollar a store of value, ever?

And don't change the subject, it wasn't the US dollar, it was your ponzi-esque crypto. :)



1. First, why can't you defend it? because it is shit.
2. Why don't you switch to some less criticizable coin? There are thousands....

Bitcoin may go to the Moon, but Doge will go to Uranus....
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How do you store value?
 
That is nonsense. How much have wages gone up since 1971? Real wages (inflation adjusted) have basically held constant. You lost nothing getting paid in usd. If you invested savings in fixed income securities you would also have hardly lost anything. If you invested in equities you would be up a sizable amount. The narrative that fiat in Western societies lost value is absolutely bogus.

https://www.google.com/amp/s/www.pe...l-wages-have-barely-budged-for-decades/?amp=1

ZBZB said:
You are speculating in the USD that paper money is a store of wealth. It has lost 98% of purchasing power since 1971. Is that a store of wealth?
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Really? What's your track record? Taleb runs circles around you. Have you even understood the first 10 pages of his book Dynamic Hedging?

The number of idiots on this website is constantly increasing. Total wannabes that have nothing to show for, wanting to invest in get rich tomorrow asset classes yet are complete human failure.

I bet you are on of those three:

https://www.google.com/amp/s/www.ws...nds-and-the-fortune-that-got-away-11619099755

SunTrader said:
Switched to the dark side lmao. Taleb is a black hole of nothingness already.
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