A look at how some of the others did by way of comparison. http://www.zerohedge.com/news/2015-...de-1-billion-monday-how-other-hedge-funds-did
That's wrong and exactly my point. They didn't bet $6B...nobody would invest with them if that was the case. They are providing convexity not available in listed vanillas. That is worthwhile and impressive and people pay for it. It's that simple.
what i heard .. if it doesnt work out... he gets back.. between 60% - 85% of his capital.. ie. losing 15% to 40% so yea.. slow bleeder that is..
iam on an experiment which somehow fit talebs teachings .. but in a different way but then again.. its all "cut losses short and let winners run" .. except for the last two trades which i didnt managed according to my plan.. but hey! what eva.. they are still open .. so enough time to repair
I liked Mark's book the Dao of Capitol.... Not surprising the two of them are both big Austrian school free market capitalists... I've learned alot through these guys.....
Just to go more into details on why people don't like him (and since you asked), here is an Amazon reviewer of his book: "The author repeatedly reminds readers that he is well traveled, is a "voracious" reader, pursues his exercise routines "assiduously", and is from upper class Mediterranean roots. Further, at some points in the book, he writes from a bitterness and contempt (which he admits) for journalists, economics, others in his profession, and generally those who are not "literate persons"." And this was a 3 stars review... Now here is a 1 star review: "This author should be named Narcisist, not Nassim. The rest of the book is devoted to propping himself up in his own version of an occupational caste system, where he is on some higher plain because he fancies himself to be some sort of quant jock who knows basic statistics and probabilities. In the meantime, he manages to insult MBAs, academics, specific authors, people who live provident lifestyles, successful but "non-quant" traders, scientists (those with poor social and hygene skills), dentists, and on and on. Pompus, self-serving, and hollow." I hope that answered your question...