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Sounds like Nassim Taleb's Black Swan theory. I wonder if he made any money out of it at his Empirica hedge fund?
by wr1472 16y ago
Sounds like Nassim Taleb's Black Swan theory. I wonder if he made any money out of it at his Empirica hedge fund?
- pchristensen 16y agoIIRC, he ran out of money before the crash hit. If he had more capital, he would have cleaned up.
- dkimball 16y agoAs the old saying goes, "The market can stay irrational for longer than you can stay solvent"...