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If you have enough people guessing coin flips, one of them will be consistently right... and then claim credit for how difficult it was. Just look at all the p
by sdenton4 8y ago
If you have enough people guessing coin flips, one of them will be consistently right... and then claim credit for how difficult it was. Just look at all the people who failed!
Taleb is big on this idea applying widely in the finance sphere.
- Chetane 8y agoFor what it's worth, Taleb called Ray Dalio a "legendary investor" in his book antifragile.
- objektif 8y agoThat is really not the case here. Look at Jim Simmons for example. And also Taleb is a brat who thinks he is the greatest investor ever to live just because he knows what martingale is.