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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…
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…
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…
“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; …
Aging and bad breath are things you notice only in other people.
( College can be that intermediate period between jail and slavery. )
Decomposition, for most, starts when they leave (free, social, and uncorrupted) college life for the solitary confinement of professions and nuclear families.
Procrastination is the soul rebelling against entrapment.
What organized dating sites fail to understand is that people are far more interesting in what they don’t say about themselves.
Deleted the account on twitter as the book of aphorisms is coming out in November -and felt the noise of twitter to be impure. This I've decided to keep for now as a bulletin board; but my medium is ink & paper & that's that.
Shared by JohnH
I wonder if NNT has seen Danny Khaneman’s new study: http://www.blackswanreport.com/blog/2010/09/woodrow-wilson-school-of-public-and-international-affairs-income%e2%80%99s-influence-on-happiness/Basically, they’re measuring two kinds…
NNT posted to his Twitter… Fixed Tech Collection (added 50 pages) http://www.fooledbyrandomness.com/Technicalpapers.pdf
Taleb addresses climate change in the second edition of his book and answers those who want to use his theories to do nothing: “The skepticism about models I propose does not lead to the conclusion endorsed by anti-environmentalists and pro-market fun…
I am not an entrepreneur, but I don’t think it’s that simple. Entrepreneurship is all about overcoming the odds. I believe that if all entrepreneurs decided to quit when the data were telling them to, there would be very few successful startups…
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This confused me as well.
I wrote that a technology, book, cultural practice, religion, drug, opera piece, fashion, that is, all nonperishable cultural goods, are likely (in expectation) to last as long as they have been in existenc…
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I would love to hear NNT’s take on Stewart Brand’s new book, Whole Earth Discipline. Stewart makes the case that we can’t afford NOT to DO some geo engineering and the sooner the better (basically).
Taleb addresses climate change in …
Shared by JohnH
You’ll remember Danny Khaneman shared the podium with Nassim Taleb at the 2009 DLD conference. (http://www.blackswanreport.com/blog/2010/03/reflections-on-a-crisis-dld-digital-life-design-conference-in-munich-2/)
“Income’s Influenc…
A tourist is someone who follows commodified, commercialized & simplified maps, their cultural tastes lined-up to some well-described middlebrow canon, with a desire to "optimize" with SHORTCUTS; in other words, Procrustean beds. Exactly …
Halfmen by trying hard to be “achievers” (sports, marathons, fine wine, “culture”, promiscuous tourism) become automatically quarter-men (What Nietzsche called Bildungphilisters)… You only move up from the status of halfman with courage, generosity, …
International Monetary Fund, Sept 16, 2010, Washington, DC, General Lecture (morning) and Technical Workshop (afternoon) on how to detect tail-fragility.
2. One book. Black Swan, by Nasim Taleb. 3. One movie. Fight Club. 4. One website. news.ycombinator.com. 5. One hero. Jeff Bezos. 6. One perfume. Elixir Des Merveilles Perfume by Hermes. 7. piece of jewelry. IWC Portuguese Mystere. …Chic & Geek |…