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- 4/14/13
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- 73
yes... until he lost money for 3 or 4 years in a row and shut down. His partner opened a fund 4 years later and has been very successful.he used to?
yes... until he lost money for 3 or 4 years in a row and shut down. His partner opened a fund 4 years later and has been very successful.he used to?
so what was your point?yes... until he lost money for 3 or 4 years in a row and shut down. His partner opened a fund 4 years later and has been very successful.
I don't remember whether Taleb himself express the idea that sometimes no tools are better than wrong tool but Pablo Triana, a big fan of Taleb and the author of a (controversal and repetitive but still interesting) book "Lecturing birds on flying" says approximately the following: "give a pilot no altimeter and he will look from the window. Give him broken altimeter and he will crash the plane".Does he propose a better idea?
some risk guy/gal at my place actually quantified his/her group's attribution by some balance sheet impact modeling. i heard they are now sharing a bigger pie of the profit... but not every risk group can do that...
If I told you there's a cliff at the end of the road, would you keep driving until I propose to you a better road?Does he propose a better idea?
If you are Taleb I'd just keep driving.If I told you there's a cliff at the end of the road, would you keep driving until I propose to you a better road?