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Message
re: Taleb goes into self-imposed exile
Posted on 11/30/09 at 11:10 pm to Tiger4Ever
Posted on 11/30/09 at 11:10 pm to Tiger4Ever
Good one.
I take it you folks hang on to this guy's every word because he wrote a book about a black swan. What's the point of reading about a black swan if you can't see them coming anyway, much less spending part of your life writing about it. Sounds like an a-hole
Anyway, from here
Sucks, but how are you going to fix it without causing pain for everyone?
From JT's link
But not before I write this
What a pompous a-hole
To promote his book and his self. Looks like he's got a few followers hook, line, and sinker
I take it you folks hang on to this guy's every word because he wrote a book about a black swan. What's the point of reading about a black swan if you can't see them coming anyway, much less spending part of your life writing about it. Sounds like an a-hole
Anyway, from here
quote:
Companies who made mistakes and fragilized the system are being subsidized by the countercyclical ones who make it more robust.
Sucks, but how are you going to fix it without causing pain for everyone?
From JT's link
quote:
I need to withdraw as immediately as possible
But not before I write this
quote:
bet on the next mistake by Bernanke, Summers, and Geithner
What a pompous a-hole
quote:
(briefly) emerge from my hiatus
To promote his book and his self. Looks like he's got a few followers hook, line, and sinker
2
Posted on 12/1/09 at 9:52 am to wizard of smart
quote:
What's the point of reading about a black swan if you can't see them coming anyway,
quote:
Sucks, but how are you going to fix it without causing pain for everyone?
Why should the goal be pain for no one?
quote:
What a pompous a-hole
That will make a shite ton of money doing so.
Posted on 12/1/09 at 5:26 pm to wizard of smart
quote:
I take it you folks hang on to this guy's every word because he wrote a book about a black swan. What's the point of reading about a black swan if you can't see them coming anyway, much less spending part of your life writing about it. Sounds like an a-hole
Agreed he's a pompous arse, but his points regarding black swans seem to be way over your head. He tries to capitalize on mispricing of risk in a world dominated by models based on normal distributions. (Not that he's necessarily perfect at implementing his plans - he somehow didn't make money in the market panic after 9/11.)
As for his offering no solutions, google "Ten principles for a Black Swan proof world." You may need at FT.com subscription, but he lays out 10 policy prescriptions. They're very 30,000-foot type views, but still much better than what we've gotten thus far, in my opinion.
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