5 ms·
Basically what Taleb describes as Skin in the Game: >"Don’t Tell Me What You Think, Tell Me What You Have In Your Portfolio"
by neighbour 6y ago
Basically what Taleb describes as Skin in the Game:
>"Don’t Tell Me What You Think, Tell Me What You Have In Your Portfolio"
- hutch120 6y agoOnly if it going to actually hurt to lose it... when did these guys every really get hurt... they hedge their bets exactly so they never put themselves in a position to literally loose their house(s).
- Singletoned 6y agoOr in other words, they are sensible
- wskish 6y agoNot sure I interpret it the same way. Wouldn't this advice heavily/completely discount/ignore the written words associated with the portfolio?
- eru 6y agoI think that's the point. (I'm not sure whether I agree with the point, but I think that is the point Taleb was making.)
- vagrantJin 6y agoThen again, Taleb has little to no respect for most professional investors.
- bingbong70 6y agoHe has tremendous respect for professional investors that understand risk, which is a small minority. He speaks very highly of Soros's investment record.