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by jwecker
6132 days ago
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Since Taleb started thinking through this stuff he's been able to cash out on two big crashes- just in the last 10 years. The second (current) one came after the black swan was published. It's almost erie reading it now. In any case, he's not advocating that everyone use that as a trading strategy. What he's advocating is that people be aware of the nature of the underlying system and stop fooling ourselves into thinking that it's "gaussian + weird things that are obvious in retrospect." |
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