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I feel like you're misunderstanding Fooled by Randomness. The results are supposed to look like steady gains in a tight distribution, but the super far out tail
by Dwolb 12y ago
I feel like you're misunderstanding Fooled by Randomness. The results are supposed to look like steady gains in a tight distribution, but the super far out tails are fatter than the average person thinks. Therefore, typical traders take average risk with below average returns (relative to the risk one bears) whereas Taleb takes high risk with supremely above average returns (again, relative to the risk he bears)