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Monthly Archives: August 2012

Nassim Taleb Explains In An IMF Paper Why The Fed’s And ECB’s Bank Stress Tests Are Bogus – Business Insider

A New Heuristic Measure of Fragility and Tail Risks: Application to Stress Testing Abstract Pdf A better approach, according to Taleb and his IMF co-authors Elie Canetti, Tidiane Kinda, Elena Loukoianova, and Christian Schmeider, is to measure the difference between outcomes arising from different scenarios instead of focusing on the estimates of potential losses themselves. […]

Why the One Percent…

Why the One Percent of the One Percent benefit from inequality more than general prosperity: A Note for AntiFragilehttp://www.fooledbyrandomness.com/Onepercent.pdf via Why the One Percent… | Facebook.

Consider that all the wealth…

Consider that all the wealth of the world can’t buy a liquid more pleasurable than water after intense thirst. Few objects bring more thrill than a recovered wallet or laptop lost on a train.The essence of life is some volatility.[ANTIFRAGILITY & variations] via Consider that all… | Facebook.

You can respect a human…

You can respect a human, you should never admire him. It hit me thinking of this commoditized-metricized-modernistic sports-fan worshiping business why1) two of the three Semitic religions Judaism & Sunni Islam have a thing against human representation & consider that perfection and purity is not the business of humans &, critically, we humans should not […]

I am trying to divest this page…

I am trying to divest this page from anyone whos is a “fan” of an aberration & monstrosity called a competitive athlete, or anyone seeking a commoditized metric called “accomplishment”. You should limit the “fan” business to the non-publicity-prone people around you who exhibit outstanding ethical behavior and have made sacrifices for the benefit of […]