Taleb vs Assness on tail hedging and risk parity

[ironchef]

yeah Taleb wasn't just mechanically buying vol, he was picking his spots. but even experts like him and his associates couldn't make money over the long run. you just lose less than if you mechanically buy vol. have you seen their returns? not great at all.

Are you absolutely sure Taleb and his associates couldn't make money over the long run? I know Taleb is not penniless?

 

[Sig]

Are you absolutely sure Taleb and his associates couldn't make money over the long run? I know Taleb is not penniless?

He's sold a bunch of books, I'm guessing that's where the majority of his money comes from! Ironically he got a multi-million dollar advance for Skin in the Game, a book that teaches against the evils of things like book advances.