thought several of you might be interested in this: http://www.bordersstores.com/events/event_detail.jsp?SEID=142838 surf
Nassim Nicholas Taleb A Black Swan is a highly improbable event that is unpredictable, has massive impact, and after the fact, people concoct explanations in order to lessen its randomness. Taleb explores these events, and challenges our way of thinking. April 18, 2007 6:00 PM Location: In Store Manhattan - Park Ave 461 Park Avenue New York, NY Phone:212.980.6785
The Black Swan---a must read for anyone involved in the markets: http://www.amazon.com/Black-Swan-Im...6101735?ie=UTF8&s=books&qid=1176843004&sr=8-1 enjoy, surf
review of "black swan" from conde' nast's Portfolio. http://www.portfolio.com/culture-lifestyle/culture-inc/arts/2007/03/29/Chaos-Is-Underrated
Assuming that a trader accepts the premise that a black swan event can and will occur, does Taleb make specific recommendations of practical and cost-effective trading strategies that can be implemented for protection of your portfolio on a day-to-day basis?
Yeah. Buy options and wait. If you blow out, just be really smug about it because it's everyone else who's wrong.
neiderhofer (sp) and taleb must have the same performance (pr) coach. wow if taleb really did get crushed (pun intended). this would make an interesting story fable. surf you really should right a book about both of them.
His philosophy is interesting regardless of his alleged trading abilities. http://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb