Taleb's concept of making an (infrequent) killing with options

Discussion in 'Options' started by cognitivefun, May 17, 2004.

  1. Maverick74

    Maverick74

    No, but I bet he nailed the Nikkei.
     
    #31     May 18, 2004
  2. damir00

    damir00 Guest

    i'm a parent and an active artist during the day. enforcing discipline isn't the only reason to automate - going mechanical frees up enormous amounts of time to do things more interesting than staring at a ticker for 7 hours.

    you'll have trouble finding performance numbers on Taleb because it's a private fund. his clients/business is such that he has no performance-reporting requirement. it's a fair asusmption that most of the time, he's not doing exceptionally well - but since that's the plan so i suppose in a way he's doing well even when he's not doing well. :)
     
    #32     May 18, 2004
  3. abogdan

    abogdan

     
    #33     May 18, 2004
  4. Automation does not enforce discipline... It simply transfers responsibilty, hardly what I would refer to as discipline...
     
    #34     May 18, 2004
  5. Maverick74

    Maverick74

    #35     May 18, 2004

  6. I agree, though you don't have to be mechanical to enjoy that freedom...
     
    #36     May 18, 2004
  7. Pabst

    Pabst

    WTF! You're ALWAYS on target JC! Great observation!
     
    #37     May 18, 2004
  8. damir00

    damir00 Guest

    of course, you are correct, my statement perhaps leaned too far towards brevity. automation can be a way of helping enforce discipline, but it's neither sufficient nor perfect.
     
    #38     May 18, 2004
  9. damir00

    damir00 Guest

    #39     May 18, 2004
  10. Maverick74

    Maverick74

    Thank you.
     
    #40     May 18, 2004
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