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to quote Taleb: those who can, do (trade). those who can't, write about it (financial press)
by memoriyato3 3mo ago
to quote Taleb: those who can, do (trade). those who can't, write about it (financial press)
- deleted 3mo ago[deleted]
- giacomoforte 3mo agoI like to say, traders and people you put money on the line are often far more honest about economic policy, than economic influencers like The Economist.
- stackghost 3mo agoTraders have no more special insight into economic policies than anyone else. The economy != the market.
- JumpCrisscross 3mo agoTaleb is literally mostly an influencer who once traded (and sucked at it).
- deleted 3mo ago[deleted]
- dreambuffer 3mo agoTaleb made a lot of money trading, his firm failed but running a successful business is not trivial and his ideas ended up working when he took up an advisory role rather than an executive role. Unlike other financial "influencers", he actually seems to understand mathematics to a high degree. Hardly your typical economist op ed writer.
- rfrey 3mo agoHe made money when he was working for other people. He did not make money when he tried to trade off his ideas. That was 25 years ago, since then he just broadcasts his ideas. No skin in the game, as it were.
- dreambuffer 3mo agoYou don't have to be self-employed to have skin in the game, that's ridiculous. How many op ed writers have tried to have skin in the game at all? How many of them produce writing which is actually high quality and not just concern trolling about China or what have you?
- andyjohnson0 3mo agoThe quote originated with George Bernard Shaw back in 1903, not Nassim Taleb. And it has always been a lazy take. Some people just prefer to write (or teach).
- throwaway873527 3mo ago[dead]
- deleted 3mo ago[deleted]