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Nassim 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

• furiouslol 18y ago
  On 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.
  • bdr 18y ago
    I got a lot out of his books, and I have little to no interest in trading. I'd guess most readers are the same.
  • marvin 18y ago
    Unless Taleb is right, of course, and the market calculates these probabilities incorrectly.