That is the funniest shit ever- too bad i had to survive a whole day without reading it! Taleb... errr... Jean Paul .. whatever... too fucking funny.
Taleb is a smart man. He is a decent writer, has a better proof reader/editor than some and has a good marketing vehicle behind him. I don't agree with his opinions about the market or the economy because I am of the opinion that if you can read chart specific price direction and strength then "Black Swans" can not exist. Solid accurate fundamental analysis should compliment solid accuate technical analysis NOT contradict it. Nothing within any chart environment should come as a surprise. "Black Swans" can exist in environments where the charts are chaotic, choppy, inconsistent, noisy, cluttered and seemingly untamable. We are historically creatures of habit and when it comes to trading or investing . . . at times . . . we are our own worst enemy.
Taleb and Mandelbrot Talk: Slack and Sleeplessness http://paul.kedrosky.com/archives/2008/10/23/taleb_and_mande.html http://bit.ly/3YeRBM
For high net worth individuals, his fund is great for diversification Most 'hedge funds' are actually high correlated with world markets. His fund actually is not
I don't live in Zimbabwe. Gold is selling for ~30% of its inflation-adjusted peak. If you want to cherry-pick an arbitrary starting point to justify your "strategy" - hey, it's your money.
A self-wanking group of iGrandized folks if ever there was one. That said, a couple of them do have wickedly good sense of humor.