3 ms·
As Taleb has said many times: Don't tell me your predictions, show me your portfolio. What did you do with this "obvious" information? Did you go all in befor
by caseysoftware 6y ago
As Taleb has said many times: Don't tell me your predictions, show me your portfolio.
What did you do with this "obvious" information?
Did you go all in beforehand to make a killing and set yourself up for life? Did you make smaller bets and build an awesome rainy day fund? Did you sit on the sidelines and call the plays afterwards?
- chillacy 6y agoThe beautiful thing about trading is that you're either right or you're wrong. It's unforgiving in a way that punditry isn't. When you trade you have skin in the game, since past failures leave a permanent record on your portfolio, and people quickly learn that overconfidence is a liability.