This is empirical nonsense. Market-behavior is not normally distributed so basic statistics and even portfolio theory just puts you back in the same situation

This is empirical nonsense. Market-behavior is not normally distributed so basic statistics and even portfolio theory just puts you back in the same situation as Lehman Bros.. http://fora.tv/2008/02/04/Nassim_Nicholas_Taleb_A_Crazier_Future#Nassim_Nicholas_Taleb_on_Mediocristan http://fora.tv/2008/02/04/Nassim_Nicholas_Taleb_A_Crazier_Fu...