PostPostcript The IYI thinks this criticism of IYIs means “everybody is an idiot”, not realizing that their group represents, as we said, a tiny minority — but they don’t like their sense of entitlement to be challenged and although they treat the rest of humans as inferiors, they don’t like it when the waterhose is turned to the opposite direction (what the French call arroseur arrosé). (For instance, Richard Thaler, partner of the dangerous GMO advocate Übernudger Cass Sunstein, interpreted this piece as saying that “there are not many non-idiots not called Taleb”, not realizing that people like him are < 1% or even .1% of the population.) N.T.
The smart needs to know that she knows. The ignorant thinks knowing better is better. The wise knows that he doen't know what he doen't know, and not vica versa.
I have recently read this quote in Modern Trader Magazine: "TESLA now is a religion and Elon Musk is their unquestioned messiah" -David Booth undoubtedly you believers have found your messiah in Nassim Nicholas Taleb, best of luck to you all... Don't forget "Jonestown". PS issue 524, page 49....
Did you ever check out how Sosnoff did the derivation quoted in the first article ? Could be worth to get an accurate point of view on who is a real trader with millions made on the markets and who is a ... tastytrader https://en.wikipedia.org/wiki/Mark_Spitznagel https://www.tastytrade.com/tt/shows/you-ve-gotta-be-kidding-me/episodes/black-swan-fund-09-03-2015
1) I am not a Tastytrade disciple... 2) Thank you for posting the derivation video... 3) I believe Sosnoff is the real trader with millions made not Spitznagel...
Please inform Nassim and Universa there is an ASYMMETRIC bet opportunity.... https://www.elitetrader.com/et/threads/the-next-big-trade.304697/