Showing posts with label Nassim Taleb. Show all posts
Showing posts with label Nassim Taleb. Show all posts
Monday, February 12, 2018

Chart of the Day: The Turkey Problem Applied to Volatility

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Nassim Taleb's  Turkey Problem ... The Turkey Problem in Action... The  volatility index , the VIX (last week)!
Tuesday, March 08, 2016

Facebook Posts of the Day: Socialism Sounds Great in Speech Soundbites, US Populist Vote Against the Establishment

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The first post on socialism comes from Russian Chess Grandmaster and former World Chess Champion Garry Kasparov (hat tip Cato's Dan Mit...
Saturday, October 17, 2015

Quote of the Day: The Difference between Businesspersons and Speculators relative to Forecasters

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I've see rich businesspersons; I've see rich speculators; but I've never seen a rich forecaster. Another splendid aphoristi...
Friday, October 09, 2015

Quote of the Day: The Illusion Called 'Change'

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Humans have always lived under the illusion that: 1) they can change their spouse, 2) they can change markets, and 3) they can change huma...
Wednesday, August 12, 2015

Quote of the Day: Own More of the Good Type of Risk

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Uncertainty should not bother you. We may not be able to forecast when a bridge will break, but we can identify which ones are faulty and ...
Monday, June 02, 2014

Quote of the Day: The fastest road to bankruptcy in foreign exchange was an economics degree

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Thirty years ago economists believed that “purchasing power parity” determined the “long term” currency rate between countries. And econom...
Wednesday, March 05, 2014

Quote of the Day: Success in all endeavors is requires absence of specific qualities

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Success in all endeavors is requires absence of specific qualities. 1) To succeed in crime requires absence of empathy, 2) To succeed in b...
Monday, January 13, 2014

Phisix: Will a Black Swan Event Occur in 2014?

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2013 turned out to be a very interestingly volatile and surprising year. It was a year of marked by illusions and false hope. Mainstrea...
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Wednesday, December 11, 2013

Why Nassim Taleb Disdains the Economic Profession

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My favorite Iconoclast author and philosopher Nassim Nicolas Taleb disdains the economic profession The Businessinsider compiled 12 vit...
Monday, October 14, 2013

Quote of the Day: Experience is a continuous exit exam

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Experience is not much of a teacher; it is, rather, a continuous exit exam. For we are not very good at "learning" from events. ...
Tuesday, May 14, 2013

Quote of the Day: Anger is a Convex Heuristic

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Anger is a convex heuristic; it is not a reaction to be judged by its small mistakes, but by the total payoff, assuming you direct it at t...
Friday, March 01, 2013

Quote of the Day: Sins to Remember

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Muscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nour...
Thursday, February 21, 2013

Quote of the Day: A Letter of Advice

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Erudition without bullshit, intellect without cowardice, courage without imprudence, mathematics without nerdiness, scholarship without ac...
Wednesday, January 30, 2013

Quote of the Day: Standing Up Against Prevailing Beliefs

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Would you rather be an honorable person perceived to be a fraudster, or a fraudster mistaken for an honorable person? The answer can help ...
Thursday, January 24, 2013

Quote of the Day: The Necessary is Not to be Confused with the Causal

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A drivers license is something binary: Pass/Fail. Nobody is foolish enough to try to get high scores in it to improve his CV with a "...