{"id":5063,"date":"2012-11-26T14:50:42","date_gmt":"2012-11-26T22:50:42","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=5063"},"modified":"2012-11-26T15:01:33","modified_gmt":"2012-11-26T23:01:33","slug":"what-i-say-is-here-and-here-only","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2012\/11\/what-i-say-is-here-and-here-only\/","title":{"rendered":"What I say is HERE and HERE ONLY"},"content":{"rendered":"
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This is the fact that should make sympathetic readers of Taleb pause: we have had at least two major global crises in recent years \u2013 the financial crisis in 2007-08 and the European banking crisis in 2011 \u2013 and yet the payoff to option buyers from those events has not even covered the carrying costs of the strategy in the last several years, much less the costs incurred from buying anti-fragility (option gamma) during the prior decade. It\u2019s not just that options are not underpriced in light of \u201cblack swan\u201d risks: they\u2019re dramatically overpriced.<\/p>\n

via Why Taleb is Wrong About Markets and Uncertainty\u00a0|\u00a0Condor Options<\/a>.\u200f<\/p>\n<\/blockquote>\n

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@EpicureanDeal<\/a> Excellent work. Highly recommended. RT @CondorOptions: Why Taleb is wrong about markets and uncertainty.
http:\/\/condoroptions.com\/2012\/11\/26\/why-taleb-is-wrong-about-markets-and-uncertainty\/<\/a><\/p>\n

@ModernistAlpha<\/a> sorry,but this critique of Taleb’s prescriptive ideas is a straw man.Taleb opposes blind faith,not measurement<\/p>\n

\u200f@nntaleb<\/a> What I say is HERE and HERE ONLY. http:\/\/www.fooledbyrandomness.com\/Ilmanen.pdf<\/a><\/strong><\/p>\n

via Nassim N. Taleb (nntaleb) on Twitter<\/a>.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

This is the fact that should make sympathetic readers of Taleb pause: we have had at least two major global crises in recent years \u2013 the financial crisis in 2007-08 and the European banking crisis in 2011 \u2013 and yet the payoff to option buyers from those events has not even covered the carrying costs […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,165,73,53],"tags":[],"class_list":["post-5063","post","type-post","status-publish","format-standard","hentry","category-contributors","category-investing","category-pdf","category-twitter"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=5063"}],"version-history":[{"count":6,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5063\/revisions"}],"predecessor-version":[{"id":5069,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5063\/revisions\/5069"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=5063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=5063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=5063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}