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    Monday
    Jan052009

    The Humility of Nassim Nicholas Taleb: The Black Swan

    DateMonday, January 5, 2009 at 05:51PM

    OK so you need dramamine to read his website http://www.fooledbyrandomness.com (please note he does not want any suggestions on how to improve his website that looks like it was designed by Hunter Thompson on acid) and the guy's got a ego the size of Montana, but he also has some big points. Worth reading his website and his books--

    here's a clip -- he could use a little media training


    My favorite part is his calling for a recall of the Nobel Prize for Economics for Modern Portfolio Theory and Black-Scholes (i guess we could send out the repo man and sell them on ebay) http://www.fooledbyrandomness.com/FT-Nobel.pdf


    He refers to himself as the Distinguished Professor of Risk Engineering at NYU. What's to engineer? Everything in the universe is a train wreck waiting to happen or a white swan trying to lays enough eggs to make a black swan.

     

    http://www.fooledbyrandomness.com/imbeciles.htm

     

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    Reader Comments (2)

    can we make this an blue angel commentary

    January 8, 2009 | Unregistered Commenterchatkoff

    can we make this a blue angel commentary

    January 8, 2009 | Unregistered Commenterchatkoff

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