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No, it is not. The idea behind the book is as sound as it is simple: shoehorning normal distributions in places where they shouldn't go just to make problems tr
by MagnumOpus 10y ago
No, it is not. The idea behind the book is as sound as it is simple: shoehorning normal distributions in places where they shouldn't go just to make problems tractable will end in disaster due to an excess of fat tails in the real world.
However, Taleb has been pontificating on that single idea for fifteen years now and has parlayed twenty pages worth of ideas into three books, a collapsed hedge fund and numerous academic positions.
Skim the first three chapters of any of his three books, and you will have learnt all there is to learn from him.