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by Discombulator 2133 days ago
From my understanding, Taleb criticizes the native use of synthetic quantitative models with strong assumptions like VaR because they give a wrong picture of the real risks. But I don’t think that his point is that risk management is worthless.
1 comments

VAR isn't the sum total of risk management strategy. It's just a faulty one that's still heavily relied upon today despite this knowledge.