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He‘s a washed up former Wall Streeter who failed at getting rich through smart trading, and realised it‘s far easier to get rich by cosplaying a smart trader/ph
by MagnumOpus 5y ago
He‘s a washed up former Wall Streeter who failed at getting rich through smart trading, and realised it‘s far easier to get rich by cosplaying a smart trader/philosopher on the Ted Talk circuit and to sell pop-Finance books to gullible laymen instead.
- borepop 5y agoSounds about right to me. I can't stand this guy.
- edmundsauto 5y agoAn alternative interpretation is that he made a lot of money betting against Wall Street in the 2008 Financial Crisis. Once he got eff-you money, he went into pompous teacher mode. His theories, while a bit unsubstantiated, are a different way of looking at the world that most people would do well to understand - even if they aren't correct in most circumstances. Basically he talks (from an inflated ego) about tail risk, randomness, and some types of system reliability He is definitely someone whose ideas are worth making up your own mind on, rather than listening to an internet critic (or fanboi's) opinion on.