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Espen Haug, Krugman, Monsanto, @DylanRatigan, Localism, #RWRI 8, TECHNICAL INCERTO, Powerful Yet Slaves | Twitter

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@spyrosmakrid 1/ The M4 Competition, ended on 31/5, was an Open one, with its most important objective: “to learn to improve f/cing accuracy and advance the field”, in contrast to “horse race” ones, as those organized by Kaggle, aimed at finding winners in a black box. The M4’s findings follow Permalink 1:25 AM – 8 Jun 2018

@nntaleb Brownian Bridge! The best kind of practical problems. https://twitter.com/CutTheKnotMath/status/1004485090892746754   Permalink 12:58 AM – 8 Jun 2018

@nntaleb Maltese is a language invented by a Levantine who read a lot of Italian novels. https://twitter.com/moraltwittizen/status/1004982233864826881   Permalink 12:22 AM – 8 Jun 2018

@nntaleb Flaneuring bil Lébnéné = “shmm hawa” or, better, “re5iya”, or “2awwas 3ind rabbna” (about men of leisure). https://twitter.com/VincePomal/status/1004980603450781696   Permalink 12:04 AM – 8 Jun 2018

@nntaleb Fl-ajruplan lejn Malta fl-aħħar Permalink 11:21 PM – 7 Jun 2018

@nntaleb Only if negatively correlated with another exposure of higher expected value in absolute terms. In other words, pay for insurance. https://twitter.com/harrynicholls/status/1004573114053906438   Permalink 1:37 AM – 7 Jun 2018

@nntaleb Espen is now doing work in physics. Veteran option traders have a no-nonsense approach to probability. https://twitter.com/eghaug/status/1004381249593577474   Permalink 6:13 PM – 6 Jun 2018

@EGHaug Out flaneuring with @nntaleb in Oslo, long bright days, and always some bright interesting insight from NNT on probabilities and life… pic.twitter.com/Zj4aTgWcmg Permalink 8:15 AM – 6 Jun 2018

@AlgoSlayer Oldie, but a goodie. Featuring @nntaleb pic.twitter.com/czUYVm0Vx6 Permalink 8:04 AM – 6 Jun 2018

@nntaleb Please. Please. https://twitter.com/zerohedge/status/1004033970281955328   Permalink 9:16 AM – 5 Jun 2018

@nntaleb Unpublished 2nd volume of Dynamic Hedging pic.twitter.com/4VsGLpEUuz Permalink 6:35 AM – 5 Jun 2018

@nntaleb Ma bi 7ékkak illa difrak = Your finger, and only your finger, can scratch your itch. [Liberal translation: finger in place of nail] Permalink 4:03 AM – 5 Jun 2018

@nntaleb LOCALISM explained in Lebanese: Ma bi 7ékkak illa difrak Permalink 3:56 AM – 5 Jun 2018

@nntaleb Krugman used his bully pulpit to take a cheap shot at @charlesmurray he deemed lower in the social science hierarchy. Murray isn’t my ideal intellecktshual, but @paulkrugman as a BS vendor is no judge of rigor, science, business, finance, ideas, erudition, or anything. https://twitter.com/nntaleb/status/1003393293491802113   Permalink 5:26 PM – 4 Jun 2018

@nntaleb Monsanto figured out that calling a group “Academic Reviews” or “Literacy Project” they could promote their junk w/suckers believing the groups are actually “pro-science” -like dictatorships that call themselves “democratic republic” These agents will pay for destroyed careers. https://twitter.com/sustainablepuls/status/1003721048452411392   Permalink 12:57 PM – 4 Jun 2018

@nntaleb 4 hours left, 6k votes so far. https://twitter.com/nntaleb/status/1003393293491802113   Permalink 10:45 AM – 4 Jun 2018

@CutTheKnotMath Should have been for a weekend. A problem from the 2005 AMC https://www.cut-the-knot.org/Probability/DefectiveDie.shtml   #FigureThat #math #probability ” target=”_blank”>http://pic.twitter.com/kg7foaI3D1″>  pic.twitter.com/kg7foaI3D1 Permalink 9:18 AM – 4 Jun 2018

@nntaleb For years I have been shouting “Delenda Monsanto” to whoever could listen. Looks like my wishes may be finally coming true. Another delenda: Saudi Barbaria Permalink 6:04 AM – 4 Jun 2018

@nntaleb Bayer is ditching the Monsanto name. Predictably, a liability: the most evil firm in history. Now will they also ditch the Monsanto practices: + intimidation of scientists + smear campaigns + lobbying + infiltration of the FDA + promotion of scientism w/jounos “pro-science” etc. https://twitter.com/DrCirillo/status/1003579071417257984   Permalink 4:07 AM – 4 Jun 2018

@raktagulikaa Wow, had no idea of this history in connection with the “olive oil vs butter” and “Europeans borrowing civilization” comments of @nntaleb https://www.atlasobscura.com/articles/history-of-milk   Permalink 12:27 AM – 4 Jun 2018

@nntaleb We know, empirically, that @paulkrugman’s opinion is useless taken at face value –practically abt everything. But can he be useful as “reverse indicator”, like traders so bad yet so nonrandom that colleagues imitate them in reverse (i,e. go short if they are bullsish, etc.) ? Permalink 2:49 PM – 3 Jun 2018

@nntaleb My friend @DylanRatigan is running for elections as Democrat, but he has strong localist tendencies. To show that left-right is less meaningful. https://twitter.com/DylanRatigan/status/1003388386881794048   Permalink 2:35 PM – 3 Jun 2018

@nntaleb This is not tawk, but Skin in the Game. With @financequant and other members, we trained so far 400 people at less than ½ the tuition for executive education, w/30% scholarships, and our lecktchurs had 4-5 instructors present because it was so much fun. http://www.Realworldrisk.com   Permalink 2:15 PM – 3 Jun 2018

@nntaleb My experiment with the 8 cycles of #RWRI proved that, presently > 82% of university costs are to cover metastatic bureaucracies & lobbying real estate developers. In other words you can cut edyukashion costs from $50K to $9K with NO effect. Universities are committing suicide. https://twitter.com/NAChristakis/status/1003091464614809601   Permalink 2:00 PM – 3 Jun 2018

@_pierreblanc The curse of modernity is that we are increasingly populated by a class of people who are better at explaining than understanding, or better at explaining than doing. Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life @nntaleb @GaryMarcus #futureofwork pic.twitter.com/7L9zBV4UGu Permalink 12:37 PM – 3 Jun 2018

@nntaleb Lahol yallé baddon yshufo kif lMalté 2arib 3an lghat Sémiyyé (2ul “Sémé” msh “3arabé”). Lézém nmshé warahon. #Localism https://youtu.be/PWVlA4POXvQ   via @YouTube Permalink 10:24 AM – 3 Jun 2018

@nntaleb A nice Cretan metaproblem for the morning coffee. Is a liar also necessarily a liar about being a liar? Is a liar who tells you that he is a liar a liar? https://twitter.com/realDonaldTrump/status/1002884227753480193   Permalink 6:13 AM – 3 Jun 2018

@nntaleb QUIZ DU JOUR. If 50% of the work is done by 1% of the people, prove that 80% of the work will be done by 20% of the people, assuming scalability. https://twitter.com/johnjanuszczak/status/1003255986910527489   Permalink 5:48 AM – 3 Jun 2018

@nntaleb 4) The Phoenicians were the localists of history, maneuvering across dominant empires by paying for mafia protection. Centralistas are so programmed to think anachronistically in nation-states that they spread the incoherent thesis by @josephinequinn that they didn’t exist. Permalink 4:22 AM – 3 Jun 2018

@CutTheKnotMath Those who say it is better not to mess with genetics may be right https://twitter.com/QuantaMagazine/status/1003090256126717952   Permalink 4:18 AM – 3 Jun 2018

@nntaleb That’s the reason to practice mathematics on a daily basis, especially when you write books & articles. Not because math is directly useful in life, but just to avoid turning into something like @sapinker https://twitter.com/GhassanDahhan/status/1003220452284813312   Permalink 3:38 AM – 3 Jun 2018

@RubenGao “Not everything that happes happens for a reason. But everything that survives survives for a reason” – @nntaleb Permalink 11:20 PM – 2 Jun 2018

@SBakerMD President of Australian Medical Association want Netflix to remove Keto friendly film “Magic Pill” Stupid or Corrupt?? Cast your votes now! pic.twitter.com/oBvEzfczGQ Permalink 4:25 PM – 2 Jun 2018

@nntaleb #RWRI 8 THE SELF REFERENCE PROBLEM OF PROBABILITY DISTRIBUTIONS A Quiz based on a rule offered by @Sarasewda, cc:@normonics @trishankkarthik pic.twitter.com/vPr6vLkBM1 Permalink 2:44 PM – 2 Jun 2018

@nntaleb 3) The naive political “scientists” (& other BS vendors) think superficially, in labels. They want the U.S. to not be a colony of Britain, but want Britain to be a colony of Brussels, & Nebraska to be a colony of Washington, D.C. They don’t get centralization . Permalink 10:20 AM – 2 Jun 2018

@nntaleb 2) People not trained in modern science are programmed to thing in terms of “left” & “right”, still trapped in a stone-age discourse. They miss on the property of scaling: effect is not invariant to size of autonomous unit. #localism #minorityrule https://medium.com/incerto/the-most-intolerant-wins-the-dictatorship-of-the-small-minority-3f1f83ce4e15   Permalink 10:12 AM – 2 Jun 2018

@Sarasewda My biggest takeaway. Thank you for sharing your thoughts with us. Life looks different now #RWRI #Rule22 @trishankkarthik @nntaleb https://twitter.com/trishankkarthik/status/1002954924685217792   Permalink 10:11 AM – 2 Jun 2018

@nntaleb The opposite of fascism isn’t a democratic form of socialism; it’s localism. Permalink 9:27 AM – 2 Jun 2018

@nntaleb The generalized birthday paradox from a @CutTheKnotMath problem pic.twitter.com/EIrVPdDPDv Permalink 7:44 AM – 2 Jun 2018

@nntaleb #RWRI Trivia: the best skills in applied probability are found in quant finance. Discovered that Nick Patterson the wiz kid mathematician of genetics worked at Renaissance when @financequant was a partner there. https://twitter.com/financequant/status/1002544959013171201   Permalink 7:19 AM – 2 Jun 2018

@nntaleb RWRI 8: a lot of NY https://twitter.com/trishankkarthik/status/1002776633454092289   Permalink 6:04 AM – 2 Jun 2018

@nntaleb RWRI 8 Answered @Shuwen22973519 Q abt error by geneticist @mt_genes trolling in support of some UK classicist w/o understanding the notion of JOINT distributions: if “Most Likely” (max p) subclades map to autosomal cluster, via ~k-mean, then necessarily indicative of origin. https://twitter.com/mt_genes/status/996830049239289856   Permalink 6:02 AM – 2 Jun 2018

@nntaleb 3) Accepting that some people (“past victims”) should be treated differently in matters of “racism” implies: accepting to have discounted (or waved) penalties for past victims of theft when they themselves commit theft. So many logical inconsistencies in these arguments! Permalink 5:29 AM – 2 Jun 2018

@Learn_lebanese naqqé ḥarf lal ح bel leğğa l’lebanneniyé. #LL Permalink 4:16 AM – 2 Jun 2018

@nntaleb RWRI 8: high Sharpe ratios are predictive of huge blowups. The more stable the return, the more likely the blowup. Volatile funds lose money; but not as much as nonvolatile ones. pic.twitter.com/aNffPEZDms Permalink 11:45 AM – 1 Jun 2018

@nntaleb RWRI 8: Lecktchurer talking about how intellectulas yet idiots nudgeboys @r_thaler @CassSunstein increase risk in the system pic.twitter.com/QnPJVevSzu Permalink 9:13 AM – 1 Jun 2018

@MichaelSagnerMD Looking forward to seeing you all at ICCS 2018! @nntaleb @yaneerbaryam @swimdaily @normonics @trishankkarthik @stephen_wolfram @barabasi @ednapasher @cesifoti @C4computation http://www.necsi.edu/events/iccs2018/   Permalink 8:00 AM – 1 Jun 2018

@nntaleb 2) To establish societal symmetry: The bigotteer needs to be penalized the same as the bigot. The false accuser needs to be penalized as if he committed the crime himself (Hammurabi). etc. Permalink 5:05 AM – 1 Jun 2018

@nntaleb It is RACIST to penalize someone from race A saying something abt someone from race B, but not someone from race B saying something abt someone from race A. It is worse than racist: it breaks societal symmetry. The same applies to gender. Permalink 4:55 AM – 1 Jun 2018

@nntaleb I can understand why some writers (Balzac) were obsessed with printing. Marx was right about the alienation (which he eventually helped increase). Artisans minimize the distance between labor and fruits of labor. pic.twitter.com/P8NdD4FSRF Permalink 4:45 AM – 1 Jun 2018

@nntaleb I wrote in SITG abt artisans seeing their full product, unlike factory workers laboring on a portion of it. There is an immense satisfaction writing a book while controling 100% of the aesthetics,on the final format, as it will look *exactly* on the page. It makes it artisanal. Permalink 4:25 AM – 1 Jun 2018

@nntaleb OK, The Vol 1 of theTECHNICAL INCERTO, “The Statistical Consequences of Fat Tails: Technical Papers and Commentary” will come out this year (color), thanks to @TuckerMax who manages my STEM ACADEMIC PUBLISHING (contract signed). Writing math on final format is like painting. pic.twitter.com/DKVqP25fb7 Permalink 3:40 AM – 1 Jun 2018

@garyruskin Professor Leemon McHenry’s McHenry’s full paper on the #MonsantoPapers: http://bit.ly/2sBqlZN   And his letter to publisher @tandfonline, regarding his paper on the #MonsantoPapers, and its apparent double standard in publishing http://bit.ly/2sp0vsv   ” target=”_blank”>http://pic.twitter.com/KqLOgSNfO6″>  pic.twitter.com/KqLOgSNfO6 Permalink 3:01 PM – 31 May 2018

@DataSciFact New post: Six sigma events Riffing on a line from @nntaleb https://www.johndcook.com/blog/2018/05/31/six-sigma-events/   Permalink 12:46 PM – 31 May 2018

@nntaleb I am going on a linguistic trip. Alone, just to tawk & listen to the local language to get inspiration for the Lebanese neo-Phoenician writing system. Permalink 12:29 PM – 31 May 2018

@GuruAnaerobic ‘These findings suggest that during ageing, mitochondria lose the ability to produce energy during maximal efforts bt not when the energetic demand is lower.’ G. Anaerobic – “aging is diminishing tails; retain the ability to generate/withstand extremes” https://onlinelibrary.wiley.com/doi/full/10.1002/jcsm.12313   Permalink 8:23 AM – 31 May 2018

@nntaleb “Nice guy” (“asshole”) is a compliment (insult) when uttered by family member (charlatans). Permalink 7:30 AM – 31 May 2018

@nntaleb Ana raye7 3a Malta la et3allam kif byektbo leghton el-Samiyyé e bi 3isho ka Europiyyé b-légha mitl tab3iitna. Permalink 6:18 AM – 31 May 2018

@nntaleb Friends, where in Malta should one stay? Permalink 5:36 AM – 31 May 2018

@nntaleb Some optimist on the Greco-Turkish fraternity, once they get it that they may have the same lineage. https://twitter.com/ArcheRomaion/status/1001982823555895296   Permalink 6:58 PM – 30 May 2018

@Shuwen22973519 I just uploaded ‘Oinops pontos.docx’ to @academia! http://www.academia.edu/36750456/Oinops_pontos.docx   Permalink 6:57 PM – 30 May 2018

@nntaleb The success of twitter lies in twitter fights. (An idea of @normonics ) Permalink 5:16 PM – 30 May 2018

@nntaleb “If p=np I don’t want to be alive” @trishankkarthik pic.twitter.com/EUMwDnD1Bs Permalink 2:35 PM – 30 May 2018

@trishankkarthik @financequant: A model does not describe its own limitations and risks. @nntaleb #RWRI (I may have butchered it a bit, but you get the idea) pic.twitter.com/keP5DKQBZ9 Permalink 1:04 PM – 30 May 2018

@hagaetc I never imagined that my idols @nntaleb and @kanyewest would pride my wall in one single picture, but then again black swans do occur – scoopdidypoop! pic.twitter.com/IcUDE6V6T1 Permalink 12:15 PM – 30 May 2018

@john_f_hamer “Religion isn’t so much about telling man that there is one God as about preventing man from thinking that he is God.”—Nassim Nicholas Taleb, The Bed of Procrustes (2016) @nntaleb @BarbaraRKay @ahaspel @TheJosephRosen Permalink 11:19 AM – 30 May 2018

@nntaleb Thanking @_swanson for the recommendation. Permalink 11:02 AM – 30 May 2018

@nntaleb Italian publisher is in town. pic.twitter.com/53kFaoWT1F Permalink 10:23 AM – 30 May 2018

@nntaleb We are now talking about GMO idiots who don’t get CA. https://twitter.com/trishankkarthik/status/1001825714738532352   Permalink 7:10 AM – 30 May 2018

@trishankkarthik @nntaleb Rule 110 is universal pic.twitter.com/xSVQ384W3O Permalink 6:58 AM – 30 May 2018

@nntaleb μα μπα3ρεφ… μιμκεν μπασ λεζεμ νγαυυερ καμμ σηαγλε https://twitter.com/LaikiEksixroni1/status/1001778854187462656   Permalink 4:24 AM – 30 May 2018

@EJSMD Recall, when Public Health initiatives fail, they can fail in spectacular fashion. —low fat diet & obesity crisis —chronic pain Rx & opioid crisis —#EHR, metrics & MD burnout Central health planners need #skininthegame @nntaleb @afrakt @aaronecarroll https://mobile.nytimes.com/2018/05/28/upshot/it-saves-lives-it-can-save-money-so-why-arent-we-spending-more-on-public-health.html   ” target=”_blank”>http://pic.twitter.com/EKtXwcc7ZS”>  pic.twitter.com/EKtXwcc7ZS Permalink 4:15 AM – 30 May 2018

@LIHF_Living Finished this last night.. Before reading @nntaleb I thought I was alone and going insane. After reading, I was comforted by the fact that there are at least 2 nutters in the world that think alike, and a namesake at that! pic.twitter.com/GGrXIRHHSi Permalink 11:08 PM – 29 May 2018

@nntaleb You can control people. You can’t control information. People are upset over the ban, much, much more than the arrest. The more you stifle information, the louder it gets. #Antifragile https://twitter.com/zerohedge/status/1001427174472208384   Permalink 4:42 AM – 29 May 2018

@nntaleb Fi shi ismo AERAL INFLUENCE: lamma legtein byen7eko 7add ba3don, bisouro byeshbaho naghmet ba3don: lfrensewé 3indo l “r” mitl el Ilmané, l3ibrani mitl l Ilmané. L bayruté mitl l Tilyéné naghméto (wl Yunéné): lamma ne7ké Tiliyéné ma 3inna lahjé awiyyé. Permalink 3:56 AM – 29 May 2018

@ole_b_peters What can I say? Thank you for spreading the word, @nntaleb. I’m fully aware it sounds unbelievable, and I suppose that’s why economics journals haven’t yet published it. Our approach right now: demonstrate scientific superiority of the alternative formalism. https://twitter.com/trishankkarthik/status/1001136256900829184   Permalink 10:57 AM – 28 May 2018

Inequality vs Inequality | Medium

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Inequality vs Inequality

There is inequality and inequality.

The first is the inequality people tolerate, such as one’s understanding compared to that of people deemed heroes, say Einstein, Michelangelo, or the recluse mathematician Grisha Perelman, in comparison to whom one has no difficulty acknowledging a large surplus. This applies to entrepreneurs, artists, soldiers, heroes, the singer Bob Dylan, Socrates, the current local celebrity chef, some Roman Emperor of good repute, say Marcus Aurelius; in short those for whom one can naturally be a “fan”. You may like to imitate them, you may aspire to be like them; but you don’t resent them.

Propagandists, Justin Wolfers, FiveThirtyEight, Michiko Kakutani, Nocera, Aleppo, Krugman | Twitter

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@nntaleb The work by scientific entertainer Steven Pinker on violence.https://twitter.com/peterfranklin_/status/796448677380452357   Permalink 12:33 PM – 9 Nov 2016

@mdvex @orestistsinalis @nntaleb in my officepic.twitter.com/pPwsRMcoxH Permalink 9:23 AM – 9 Nov 2016

@nntaleb There is no “animosity” with Harris. I just consider him an intellectual fraud. @GuzziNba @SamHarrisOrg Permalink 9:21 AM – 9 Nov 2016

@nntaleb I know I saw his papers on forecasting and noticed mathematical probability was not … for him. @HenryMyers7 @JustinWolfers Permalink 8:57 AM – 9 Nov 2016

@themightypuck Something @nntaleb pointed out a year ago.https://twitter.com/conor64/status/796265774440542208   Permalink 8:54 AM – 9 Nov 2016

@nntaleb That’s @JustinWolfers who should stop teaching economics, just drive an uber outside populated areas.https://twitter.com/carney/status/796390341997920256   Permalink 8:47 AM – 9 Nov 2016

@GuruAnaerobic “Fuck You” vs bought Hilary.pic.twitter.com/fkxXOhWKA5 Permalink 8:06 AM – 9 Nov 2016

@nntaleb The Middle East Institute @MiddleEastInst is funded by the Wahabis. Lister should mention it in every utterance @nadeemhaque @Charles_Lister Permalink 7:48 AM – 9 Nov 2016

@nntaleb Note that people like @Charles_Lister are paid by foreign governments/terrorist sponsors to spread their agendas. Permalink 7:39 AM – 9 Nov 2016

@nntaleb Should we classify propagandists like @Charles_Lister who advocate the interests of al Qaeda/Wahabis as terrorists? Permalink 7:36 AM – 9 Nov 2016

@yaobviously @nntaleb for a long while I thought you overstated your case against intellectuals. I was wrong. Permalink 6:52 AM – 9 Nov 2016

@nntaleb The reason I expected a Trump election would not affect the market is from noticing that ignorant IYI @JustinWolfers made Tump=lower SP. Permalink 6:49 AM – 9 Nov 2016

@nntaleb How do you forecast an election (cluelessness of @FiveThirtyEight ) PRELIM DRAFT https://dl.dropboxusercontent.com/u/50282823/binary%20forecasting%20538.nb.pdf  pic.twitter.com/MdKI0ecrfZ Permalink 6:21 AM – 9 Nov 2016

@EHSANI22 Clearly Americans value a job more than buying a cheap pack of 6 T.shirts made in Bangladesh for $6.99. Kudos to @nntaleb Permalink 4:35 AM – 9 Nov 2016

@nntaleb I forgot the big losers: the neocons. We have at least 4-8 years of watching them drive uber cars / taxis in DC. Permalink 10:09 PM – 8 Nov 2016

@nntaleb Who got burried? Saudi Barbaria Goldman Sacks Syrian Jihadis aka “rebels” Academic Economists w/PseudoNobel NYT & other bullshit venues. Permalink 9:59 PM – 8 Nov 2016

@MaxAbrahms What’s the best explanation for why pollsters seem to have failed so badly? To his credit, @nntaleb predicted this orange swan event. Permalink 9:42 PM – 8 Nov 2016

@SadStatueOfLib Just want to point out that @nntaleb has been calling @NateSilver538’s flaws (bullshit) in his models since… hmm, June? Earlier? Permalink 8:36 PM – 8 Nov 2016

@nntaleb Time to laugh at “Intellectuals”.https://medium.com/@nntaleb/the-intellectual-yet-idiot-13211e2d0577#.x3pmha81c   Permalink 9:25 PM – 8 Nov 2016

@john_f_hamer @nntaleb You’ve arrived, Nassim; you’ve arrived.pic.twitter.com/FX8cUQ997E Permalink 3:05 PM – 8 Nov 2016

@ghchammas 4 cousins in amioun lebanon @nntalebpic.twitter.com/ljAxOjYYkk Permalink 10:48 AM – 8 Nov 2016

@nntaleb An example of forecaster A better than B regardless of finalpic.twitter.com/2zeH1hJ5he Permalink 8:52 AM – 8 Nov 2016

@nntaleb Correction: Solent it turned out is not yet out of business. Not yet. @EmanuelDerman @zzbar @motherboard Permalink 7:23 AM – 8 Nov 2016

@nntaleb New edition of Procrustes. No more than 4 aphorisms per day. https://www.amazon.com/Bed-Procrustes-Philosophical-Practical-Aphorisms/dp/0812982401/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=  pic.twitter.com/FErRAAxzFa Permalink 6:37 AM – 8 Nov 2016

@nntaleb We got a great vindication w/ Soylent going out of business. Keep neomania out of food.@EmanuelDerman @zzbar @motherboard Permalink 6:20 AM – 8 Nov 2016

@nntaleb Some probability musings from North Lebanon: how to compare forecasters BEFORE final outcome.pic.twitter.com/57ShuNvVVH Permalink 6:02 AM – 8 Nov 2016

@nntaleb Any human being who reads anything from @michikokakutani is at war with reason.https://twitter.com/michikokakutani/status/795752769420492800   Permalink 4:09 PM – 7 Nov 2016

@nntaleb Trump is just a symptom not a disease. Message: establishment is so bad that a random Bronx Zoo animal less harmful.pic.twitter.com/xcZLVKFuPs Permalink 3:35 PM – 7 Nov 2016

@nntaleb Levantine for “this”: hayda, haydi,pl. hol. comes frm Syro-Aramaic: hod, hodo. Now hano/hathe in Turoyo @SahinChrispic.twitter.com/WALhu4nJki Permalink 3:08 PM – 7 Nov 2016

@nntaleb John Gray is the real thing.https://twitter.com/orestistsinalis/status/795655586998325248   Permalink 8:23 AM – 7 Nov 2016

@joshua_landis Syrian rebels think it is OK to use civilians as Human Shields but not when Asad or ISIS do it. All powers are guilty when holding civilianshttps://twitter.com/RevolutionSyria/status/792891242581487616   Permalink 2:47 PM – 6 Nov 2016

@nntaleb “Strength Training is Learning from Tail Events” by @nntalebhttps://medium.com/@nntaleb/strength-training-is-learning-from-tail-events-7aa2c074569d?source=twitterShare-f138bf5466fe-1478475236   Permalink 3:34 PM – 6 Nov 2016

@nntaleb Nocera, you’re a BS vendor. But everything you do to cover-up your BS vending entails more BS-vending. Keep quiet & non nocere, @NoceraNYT Permalink 11:56 AM – 6 Nov 2016

@RiskMinds “Your grandmother’s intuitions about #tailrisk is usually right”. Don’t miss @nntaleb @ #RiskMinds. More here http://spr.ly/60168EODK  pic.twitter.com/BAX0fIHKdv Permalink 8:00 AM – 6 Nov 2016

@nntaleb Version 2 (cleared typos) @CoachRippetoepic.twitter.com/4i9cF0Yj1r Permalink 7:21 AM – 6 Nov 2016

@nntaleb Tail risk management & weightlifting? Draft of the forward for a book published by @CoachRippetoe,for comments.pic.twitter.com/XXCtXSCwRO Permalink 6:58 AM – 6 Nov 2016

@nntaleb Syriac is Eastern Aramaic (Western Aramaic ~ Jerusalem/Damascus/Maaloula, Western Syriac ~ Nineveh, Eastern Syriac ~ Babylon) @rennyabraham Permalink 6:06 AM – 6 Nov 2016

@nntaleb Aramaic du Jour: “kursh”, slang for “belly” in Levantine, is from Accadian: Gilgamesh, Tablet 10, 222.pic.twitter.com/UOOy0K26De Permalink 5:12 AM – 6 Nov 2016

@nntaleb Yes, “Boy” as a sign of disrespect. You have a problem with displaying my intellectual (& personal) disrespect for you? @NoceraNYT Permalink 2:46 PM – 5 Nov 2016

@nntaleb Nocera boy, @NoceraNYT, let me debate you on “Aleppo” to show you what “Ignorance” is. You can even use Aramaic, W. Syriac or Syrian Arabic. Permalink 8:35 AM – 5 Nov 2016

@DrJillStein Saudi Arabia: -top Clinton Foundation donor -lobbies US via Podesta group -got record arms deals from Obama/Clinton -top terrorism sponsor Permalink 12:26 PM – 4 Nov 2016

@nntaleb A neat way to transform a Wiener process (\-infty,infty) to election probabilities [0,1].pic.twitter.com/zKzhN6DtZv Permalink 7:57 AM – 5 Nov 2016

@nntaleb Nocera, next time you attend my lecture, remind me to teach you “straw man argument” & intel. dishonesty. https://en.wikipedia.org/wiki/Straw_man   @NoceraNYT Permalink 7:15 AM – 5 Nov 2016

@lourou1981 @nntaleb the linguistic map of Syria looks strikingly similar to the sphere of control of diff factions in Syria today. Sheer coincidence? Permalink 5:36 PM – 4 Nov 2016

@nntaleb (actually during the crisis) Permalink 3:20 PM – 4 Nov 2016

@nntaleb With Mandelbrot right before the crisis. Alas, weightlifting makes one gain weight.https://twitter.com/HarriusHaller/status/794662544334057472   Permalink 3:19 PM – 4 Nov 2016

@nntaleb In other words every person should vote according to way he or she expects or prefers others to vote. Be uncompromising with virtue ! Permalink 12:48 PM – 4 Nov 2016

@nntaleb What makes a good election forecaster? Not the Brier metric 538 is a terrible forecaster regardless of final outcomepic.twitter.com/IF39qauxtP Permalink 11:34 AM – 4 Nov 2016

@nntaleb 2) If Nocera were better read he would have suspected there is such a thing as deontic ethics. https://en.wikipedia.org/wiki/Deontological_ethics   @NoceraNYT Permalink 6:06 AM – 4 Nov 2016

@nntaleb Better NOT know where Aleppo is than BS about it with half knowledge a la Joe Nocera. IYI Joe Nocera. https://medium.com/@nntaleb/the-intellectual-yet-idiot-13211e2d0577   @NoceraNYT Permalink 5:26 AM – 4 Nov 2016

@nntaleb Dectecting another slip: I said “preferences”. I most probably meant “principles”. Permalink 1:28 PM – 3 Nov 2016

@nntaleb Why my ethics dictate that I vote for the 3rd party regardless of oddshttp://cnb.cx/2eZeyPC   Permalink 1:18 PM – 3 Nov 2016

@nntaleb Even if #GMOs will “feed the world”, you need to look at risks of ruin. http://www.fooledbyrandomness.com/PrecautionaryPrinciple.html  https://twitter.com/NonGMOProject/status/794262188349210624   Permalink 12:55 PM – 3 Nov 2016

@nntaleb Spent too much time cleaning the data on Mongolian invasions. Permalink 12:32 PM – 3 Nov 2016

@nntaleb Typo on CNBC: Said 1308 then corrected 1208 and said Attila for Genghis. Permalink 12:12 PM – 3 Nov 2016

@nntaleb Civis romanus sum @BlackWhiteKnite Permalink 8:10 PM – 2 Nov 2016

@nntaleb Unlike in static forecasting, the best dynamic forecaster (time) is he who every period forecasts HIS OWN next forecast best. (to continue) Permalink 7:48 PM – 2 Nov 2016

@nntaleb You mean one of these deranged fellows ? @EconMBA @egfalken @IllimitableMan http://www.fooledbyrandomness.com/smear.html   Permalink 2:36 PM – 2 Nov 2016

@nntaleb Mr Krugman, for economists, to “invoke authority”, well … not a good idea, to put it mildly.https://twitter.com/paulkrugman/status/793813730454888449   Permalink 7:03 AM – 2 Nov 2016

@nntaleb Scam alert: @Fidelity offers a credit card via outside Co, designed to charge late fees+ interest to unsuspecting, similar to Wells Fargo. Permalink 6:13 AM – 2 Nov 2016

@nntaleb Levantine du Jour: Ammianus Marcellinus was another Syro-Phoenician Greek. https://en.wikipedia.org/wiki/Ammianus_Marcellinus#cite_note-Britannica-1   Permalink 5:25 AM – 2 Nov 2016

@nntaleb 2) Today someone w/economics degree has a higher chance of sleeping with Kim Kardashian than getting a job as a trader. Finance = STEM Permalink 5:08 AM – 2 Nov 2016

@nntaleb Economics is a fake discipline; attempts to improve it (s.a.”behavioral”,”evo”) made it worse! Finance moved to mathematics, accounting,etc. Permalink 5:04 AM – 2 Nov 2016

@nntaleb Psychologists are way behind probability/complexity theory in their “normative” definition of rationality.https://twitter.com/SanguineEmpiric/status/793646879485538304   Permalink 4:44 AM – 2 Nov 2016

@nntaleb Quite insulting to probability when someone “estimates” noise with precision: 24.8%, not 25 or 24. #cluelesshttps://twitter.com/FiveThirtyEight/status/793298019693146113   Permalink 1:29 PM – 1 Nov 2016

@nntaleb 2) If you understand nothing about the problem (like DC pundits) then it becomes Iran vs Saudi Arabia, US vs Russia, Mars vs Saturn. Permalink 7:25 AM – 1 Nov 2016

@nntaleb Ignorant pundit (IYIs) see everything w/the magnified prism of geopolitics, not local people trying to make things work. #Lebanon elections Permalink 7:15 AM – 1 Nov 2016

@nntaleb … with HUGE (yuge) practical consequences on model error. @CutTheKnotMath @neilchrisspic.twitter.com/3ezlq1QaSJ Permalink 6:02 AM – 1 Nov 2016

@nntaleb V. counterintuitive useful mathematical result:How higher dimensional areas get SMALLER. @CutTheKnotMath @neilchrisspic.twitter.com/uqGuHzptXx Permalink 5:57 AM – 1 Nov 2016

@nntaleb (what they say about Oxford) Permalink 5:50 PM – 31 Oct 2016

@nntaleb What they call engineering is really physics; what they call physics is math, what they call math nobody knows what it is. @PeterVeep Permalink 5:41 PM – 31 Oct 2016

@nntaleb The conflict: Engineers, applied-probabilists, physicists think in terms of applications; mathematicians view math as art. @CutTheKnotMath Permalink 12:18 PM – 31 Oct 2016

@nntaleb That poor @NateSilver538 still doesn’t get that the possibility of unexpected ↑ variance & moves probabilities→ 50%https://twitter.com/Thesokorus/status/793125893715685377   Permalink 9:34 AM – 31 Oct 2016

@nntaleb A relevant lesson from Podesta/Huma: bureaucrats & empty suits spend their time in multiplicative/metastatic low information emailing. Permalink 8:24 AM – 31 Oct 2016

@nntaleb Typo. Range for thega [0, \pi] not [0, 2 \pi ]. Varphi in [ 0, 2 pi] Permalink 8:00 AM – 31 Oct 2016

@nntaleb ἀπὸ μηχανῆς θεός Permalink 7:50 AM – 31 Oct 2016

@nntaleb Fooled by Correlations (cont), a geometric tutorial. Hard to visualize in dimensions >3.pic.twitter.com/6cmW6Krx2r Permalink 7:22 AM – 31 Oct 2016

@nntaleb La trahison des clercs! The disgusting pseudoleft support for: Saudi Barbaria/Islamofascism Shillary Megacorps https://en.wiktionary.org/wiki/trahison_des_clercs   Permalink 6:13 AM – 31 Oct 2016

@nntaleb You never hear the pseudo-left & neocons say “butcher of Yemen”. Nor alQaeda in Aleppo ever called “butchers”.https://twitter.com/joshua_landis/status/793063579599577088   Permalink 6:08 AM – 31 Oct 2016

@nntaleb (From a few months ago) Permalink 9:12 PM – 30 Oct 2016

@nntaleb My election modelhttps://twitter.com/zzbar/status/792926636098330624   Permalink 8:47 PM – 30 Oct 2016

@nntaleb The amount of short tails in the system in order to generate returns for retirees is mindbogggggling.https://twitter.com/zerohedge/status/792890807699247104   Permalink 6:09 PM – 30 Oct 2016

@MaxAbrahms Gary Kasparov is on CNN talking about how Russia wants Trump to win. Who will CNN have talk about how Saudi Arabia wants Hillary to win? Permalink 4:55 PM – 30 Oct 2016

@nntaleb Virtue is what you do when nobody is looking. The rest is marketing. #TheBedofProcrustes (but I can’t remember for sure) Permalink 1:51 PM – 30 Oct 2016

@nntaleb GMOs advocacy reveals charlatanism, proposing solutions w/unseen side effects; scientism for profit. @philipbstarkpic.twitter.com/vL8Qcw8U7m Permalink 1:24 PM – 30 Oct 2016

@nntaleb Being nice counts the most when you are nice to people ignored by others. Permalink 1:21 PM – 30 Oct 2016

@ggreenwald The savage Saudi/US/UK war on Yemen lacks all the typical propaganda options- we’re bombing for freedom, Bad Dictator, etc- so it’s ignored. Permalink 6:34 AM – 30 Oct 2016

@nntaleb Journos & soc. “scientists” fail to detect the difference betw science and scientism.https://twitter.com/dmandl/status/792721099662307328   Permalink 6:35 AM – 30 Oct 2016

@nntaleb Ironically the computer allows us to do more abstract math as it does the nitty gritty sh*t work & frees us to see deeper @CutTheKnotMath Permalink 5:59 AM – 30 Oct 2016

@nntaleb We should put ellipticality in our book as higher D fat tails while lower D thin tailed @DrCirillo @financequantpic.twitter.com/JnF0CpvbmS Permalink 5:23 AM – 30 Oct 2016

Nassim Taleb: Don’t Listen to Geithner or Krugman – Nicole Allan – Business – The Atlantic

2 Replies

Taleb took issue with Krugman’s support of deficit spending. “This transformation of private debt, with all the moral hazard it entails, into public debt is, number one, from a risk standpoint, bad,” he said. “And from an ethical standpoint, I find it immoral. The grandchildren should not bear the debts of the grandparents.”

Taleb called Friedman’s book The World is Flat “very bad for society,” arguing that it did not adequately assess risk. 

One person who did see the crash coming? Nassim Taleb. “In 2008, when the crisis happened, a lot of heads of state were interested in my message,” Taleb said. “Including David Cameron.”

Asked where the economy would be in 25 years, Taleb gave the vague response that “everything fragile will break.” Oh, and that the Fed won’t exist anymore. It will be replaced by something “I think more organic and that makes more sense.”