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Monthly Archives: September 2010

Pam Martens Scientists, Secrets and Wall Street's Lost $4 Trillion

Shared by JohnH

Wow! Great article… One of the key developers of VaR now works for the SEC and is in charge of investigating the recent ‘Flash Crash’.
Dr. Taleb goes on to chronicle in Appendix 1 of his testimony just how long he has been sounding…

REVISION: Why Did the Crisis of 2008 Happen?

Shared by JohnH

Last revised: September 07, 2010
This paper – while a standalone invited essay written for a special crisis issue of New Political Economy – synthesizes the various technical documents by the author as related to the financial crisis…

Obama Stimulus Made Economic Crisis Worse, `Black Swan' Author Taleb Says – Bloomberg

“Today there is a dependency on people who have never been
able to forecast anything,” Taleb said. “What kind of system
is insulated from forecasting errors? A system where debts are
low and companies are allowed to die young when they are
fragil…

The highest human quality… is not to try to appear a man of quality, while being one. (Aschylus: οὐ γὰρ δοκεῖν ἄριστος, ἀλλ᾽ εἶναι θέλει, repeated by Socrates: he does not display excellence, but wants ARISTOS; the inverse fake). This is what modernity has destroyed, above anything else, with the media, TED pseudo-charities, cosmetic knowledge, academia, etc.

The highest human quality… is not to try to appear a man of quality, while being one. (Aschylus: οὐ γὰρ δοκεῖν ἄριστος, ἀλλ᾽ εἶναι θέλει, repeated by Socrates: he does not display excellence, but wants ARISTOS; …

Aging and bad breath are things you notice only in other people.

Aging and bad breath are things you notice only in other people.