I wonder how many people would drive sports cars if nobody watched them.
I wonder how many people would drive sports cars if nobody watched them.
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Monthly Archives: June 2011
Everything is convexity effects. Explained it in chapter 2. Hope it is clear in this language.
Everything is convexity effects. Explained it in chapter 2. Hope it is clear in this language.
www.fooledbyrandomness.com/convexityeffects.pdf
For the weak, envy (professional, financial, etc.) is the root cause of unhappiness. As it is impossible to transform it into indifference the only cure is to turn it into admiration.
For the weak, envy (professional, financial, etc.) is the root cause of unhappiness. As it is impossible to transform it into indifference the only cure is to turn it into admiration.
Nassim Taleb Papers – Recent Revisions
NNT’s Author Page at SSRN.
New: A Map and Simple Heuristic to Detect Fragility, Antifragility, and Model Error Date posted: June 15, 2011
The Future Has Thicker Tails than the Past: Model Error as Branching Counterfactuals Date posted: May 24, 2011
Finiteness of Variance is Irrelevant in the Practice of Quantitative Finance Date posted: June 09, 2008 ; Last revised: June 08, 2011
The Illusions of Dynamic Replication Date posted: May 09, 2005 ; Last revised: June 08, 2011
Errors, Robustness, and the Fourth Quadrant Date posted: February 14, 2009 ; Last revised: June 08, 2011
Antifragility, Robustness, and Fragility, Inside the ‘Black Swan’ Domain Date posted: August 31, 2010 ; Last revised: June 06, 2011
Protect Your Tail Page 2 of 2 – Forbes.com
In July Universa intends to tap the financial adviser market by offering its own black swan ETF. The fund will mimic some of the strategies employed by its institutional-only hedge fund and will have an expense ratio of 1.5%.
Will Universa be able to repeat its outsize returns in another crash? Clifford Davis, head of equity derivatives at BNP Paribas
(
BNPQY.PK –
news
–
people
), is skeptical. “A true black swan event is by definition different from all previous crises, and markets don’t react in the same way.”
Spitznagel is unruffled as he sits in his office listening to classical music and losing money each day. He is ready and waiting for the next black swan to arrive.