I believe in Niederhoffer's last book I read there may have been little mention here or there regarding Popper. Which is no surprise, as Vic worked for Soros. After reading a couple Soros books, it seems the author really does have a thing for Popper. In fact, Soros is who made me brush up some of my old philosophy texts. I originally was wondering if Soros just did this based on the fact one of his books was supposed to be based on Alchemy of Finance... haha. Then later I noticed Taleb has had a total fixation at times on both Popper and Kant and will go on and on regarding them on his viewpoints of whatever he's writing about... margin, leverage, risk. Somehow it relates back to Kant or Popper in some weird way. lol Just wondering, is there any other trader/investors who seem to have a THING for these philosophers in their writings?
"The more we learn about the world, and the deeper our learning, the more conscious, specific, and articulate will be our knowledge of what we do not know; our knowledge of our ignorance." ― Karl Popper Oh yeah??? “What can be said at all can be said clearly, and whereof one cannot speak, thereof one must be silent.” ― Ludwig Wittgenstein. All these philosophers talk too much!
Oh, I forgot about the godfather of "pure reason": “We are not rich by what we possess but by what we can do without.” ― Immanuel Kant So keep that trap shut, whenever and wherever necessary.
I prefer the teachings, writings, wisdoms, and lessons of Yoda and Mr. Miyagi But the philosopher is kind of irrelevant. It's all about the delivery and the student receiver. I can sound so profound talking about a Plastic Straw and how it relates to trading. But if it falls on deaf and dumb ears....the message is completely useless.
https://plato.stanford.edu/ and check out the standard analysis as a starting point. Back to work here.
He's never mentioned him by name, but I read an interview with Ray Dalio who uses the same process Popper recommends (deductive reasoning). Basically his team come up with investment ideas - the traditional scientific method if you will, observation > hypothesis > theory etc. Then he gets the entire company to rip them to shreds (Popper and his falsification). Doesn't matter what level that member of staff is, he encourages all of them to tear holes in the idea. If it still stands.. it's a goer.
%% Yes sir, something like that + i like his legal name Sir Karl Raimund Popper[ ex marxist\LOL= good] \ but i got more out of the L Peter Yogi Berra '' quote /you can observe a lot by watching'' I also like a popping pattern/ or persistent popping pattern \...............................
Popper came up in some readings recently. He stated that "a theory must be falsifiable for it to be science". Later in the text it said that Popperian falsification has been supplanted by Bayesian confirmation theory. I think the gist was that you need to test you stuff