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It's hilarious that while discussing getting Nassim Taleb wrong he actually gets it wrong differently...
by brohee 3y ago
It's hilarious that while discussing getting Nassim Taleb wrong he actually gets it wrong differently...
- rrr_oh_man 3y agoWould you elaborate for the uninitiated?
- endtime 3y agoHe misspells his name ("Nessim") while talking about how he misordered his first and middle names.
- raverbashing 3y agoSounds like he Igenvalued himself
- monero-xmr 3y agoTo be clear, Taleb has never revealed publicly any proof of trades he has conducted, any proof of profits, and he has written books of wisdom without ever showing his data. I consider him a popsci fraud like Dan Ariely - show the data or GTFO
- antupis 3y agoNewton had horrible investments so his theories are bad.
- monero-xmr 3y agoNewton didn’t pretend to be a master of predicting the future of market performance. I trust people like Warren Buffett a lot more than someone who has never proven any skin in the game whatsoever
- flyfish0108 3y agoIf his theories are about investments, yes, they are bed. Luckily they are about physics.
- Animats 3y agoRight. Had this argument years ago in Wikipedia. The basic concept of Taleb's Empirica fund was to buy cheap options that were way out of the money in hopes of a "black swan" event. Most of those options expired un-exercised. So the fund lost money most years, but made huge profits in a market crash year. The big question is whether this is a net win over a few business cycles.
- monero-xmr 3y agoThe real question is whether the theoretical plan actually existed. He has never proven any of this. I can claim anything future or past but without receipts it’s just intellectual masturbation, not real skin in the game.
- tazu 3y agoCheck out Mark Spitznagel.
- ekianjo 3y agoAnd Taleb wrote a whole book of fluff called Black Swan that had no insight whatsoever and could be summed up in one paragraph
- yellow_lead 3y agoThey're like self-health books posing as insightful.
- monero-xmr 3y agoIt’s great if you received wisdom from his fiction books but if you actually think he has made any profits whatsoever from his trading advice you are going to wind up empty handed. It’s like learning a great writer of crime novels is actually a housewife from Missouri - a great imagination, but all of their ideas come from TV.
- rfrey 3y agoTo be fair, his first (and best) book was about dynamic pricing of options, and wasn't simply (ahem) derivative like his philosophy stuff.