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On this topic, I've only ever heard people who don't have fuck-you money call it fuck-you money.
by j2d2 18y ago
On this topic, I've only ever heard people who don't have fuck-you money call it fuck-you money.
- marvin 18y agoNassim Nicholas Taleb did, so you're wrong: http://www.portfolio.com/views/columns/the-world-according-to/2008/08/14/Interview-With-Nassim-Nicholas-Taleb#page5 http://www.portfolio.com/views/columns/the-world-according-t... Sorry about making this slightly pointless comment :(
- furiouslol 18y agoOn an unrelated note, I think people gives Taleb too much credit. Sure, he's a fantastic author and the points he bring up are interesting and noteworthy but he isn't a good trader. I just don't understand why retail investors like to think that Taleb is in the same league as Ken Griffith and worship Fooled by Randomness/Black Swan as a trading bible. It's not. If you try to apply his principles on the market, you'll bleed to death slowly and maybe once a while during a Black Swan event, you get a blood transfusion but in the long run, you'll die. There's a reason why those out-of-the-money options are cheap. It's called probability.