Nassim Taleb's `Black Swan' Investors Post 50% Gains as Markets Take Dive

I keep seeing more and more antidotes on the internet that there was a lot of big money that got margined out and blown to bits last week. I bet there are some former HF superstars that lost 80 percent of there networth

 

Speaking of which: Did you hear of many blow-ups the week of Sept index opex? I heard that wicked up/down move in ED cost a few locals millions and DRW almost a hundo!

 

No i didnt, but I believe it. Thats when the government banned short sales right?

 

Smart guy! He see through all the BS's and so-called "conventional wisdoms" in this world.

PA

 

he says shit that is obvious and acts like he is discovering the fountain of youth.

 

And it looks like conventional wisdom got the shit kicked out of it this year

 

FYI, here is a criticism of Taleb

http://www.efalken.com/papers/Taleb2.html

 

Well of course it stands to reason that a black swan fund might have been able to make some money over the last few weeks doesnt it?

 

What was the name of the fund? not Empirica???

I'm actually a Taleb fan, if for no other reason other than his delightful cynicism.

Thanks

 

Taleb might be a smart guy (indeed he is) but at the same time he is considered to be the ultimate wanker.