3 ms·
Nassim Taleb pointed out that if you have no 'skin in the game' your opinion is actually less than worthless. Worth considering...
by ashwagary 5y ago
Nassim Taleb pointed out that if you have no 'skin in the game' your opinion is actually less than worthless.
Worth considering...
- graeme 5y agoIf you are long bitcoin, you hold bitcoin. If you are for some other asset vs bitcoin, you hold that asset and not bitcoin. Some things are simply tradeable, and his advice is not “throw money at the owners of a fraudulent casino to say you are short” Nassim Taleb himself wrote a paper arguing Bitcoin’s value is zero and sold all his Bitcoin. I do not believe he believes it is his moral duty to open a Binance account and make a short on a Tether Exchange
- ashwagary 5y agoThat's true and technically anyone that doesn't have bitcoin (or a bitcoin owning entity) in their portfolio has a short position open. So far, that 12 year short position has been a disaster for all of the people (literally every single person) on the planet.