Wednesday, September 29, 2010
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…
Wednesday, September 29, 2010
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…
Wednesday, September 29, 2010
“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…
Wednesday, September 29, 2010
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; …
Tuesday, September 28, 2010
Aging and bad breath are things you notice only in other people.