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Category Archives: Start Here

How to do Precisely the Right Thing at all Possible Times

“The happiness you can expect from anything you do is a function of two things: the odds of getting a gain, and; the value of that gain. You multiply these two things together and you know exactly how good your decision or action is going to be.”

Daniel Kahneman – A Bat and a Ball Cost $1.10

(Borrowing this post from another blog I collect my favorites into. Danny is just such a big part of the picture when it comes to the paradigm shift implied in NNT’s philosophy, plus, they’re good friends!) … the bat costs $1 more than the ball. How much does the ball cost? Daniel Kahneman KNOWS that […]

EconTalk – Taleb on Black Swans (2007)

Don’t know how I missed having this in here. NNT lists this as one of his favorite interviews as well.From the highly addictive and always excellent (iTunes subsrciption link here. 2007 2008) Nassim Taleb talks about the challenges of coping with uncertainty, predicting events, and understanding history. This wide-ranging conversation looks at investment, health, […]

Taleb Outsells Greenspan as Black Swan Gives Worst Turbulence –

Shared by Woolwit

This is an older article but has some great biographic info and also explains (to me anyway, a complete non-trader) what Taleb means when he says out-of-the-money.
On a freezing day in March 2007,
Nassim Taleb walked into a confere…

Nassim Nicholas Taleb – The Future Ain’t What It Used To Be

If you want to be a dentist, it’s rational to assume that if you go to school, get your degree, and set up a dental practice, you will be able to attain a comfortable standard of living. You may be able to project your probable income range with some…