The Humility of Nassim Nicholas Taleb: The Black Swan
Monday, January 5, 2009 at 05:51PM
stickman

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

 

Article originally appeared on Extraordinary Popular Delusions and the Madness of Crowds (http://extraordinarypopulardelusions.net/).
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