Any thoughts on this article?

Are you saying that all of us eventually will have our day (when it comes to trading that is)?

shneed

 

Why don't you post a synopsis of the article instead of having us click a 'link'? For all we know it could be a 'pay-to-view' link that just wastes time.

Just like the guy a week ago who posted a link of traders in an area which required a $60 fee. Give me a break..

PS I did NOT click your link and don't intend to....

 

Unfortunately I am not as wordy as the author. FYI this is a reprint of the article from the NEW YORKER Magazine, it costs nothing to read it.

shneed

 

Before I answer that, did you click on the free chart I posted to your attention?

 

Yes, have no clue.

shneed

 

ok. go here.

 

>>>

 

I took probability course back in college, about 15 years ago. Should have paid more attention to it.

shneed

 

because it looks like any old stock chart. I think it's saying, in answer to your question, that it will happen to all of us. The question is, how much size will we have on when it does.

Ralph Vince's discussion of Optimal f touches on this (Portfolio Management Formulas).

Solomon, thought to be the wisest man whoever lived (certainly was the richest and had the most women) said, 'time and chance happen to them all.'

Now, how would you play that second chart, if you had to>?

 

Could Taleb just be lucky the black swan event covers all the losses.