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Nassim Taleb made his money trading markets.
by envsubst 3y ago
Nassim Taleb made his money trading markets.
- ozzydave 3y agoThis data set should be expanded to include 100 of his peers who started trading at the same time.
- envsubst 3y agoAre there 100 people who know finance and think carefully like Nassim taleb? What do their outcomes look like? I would bet all of them do pretty well. (I'm not even a big Taleb fan.) This is just like the startup founder argument. Every one which succeeds ends up having a tremendously interesting background demonstrating unique interest and capability.
- vik0 3y agoYes, I am aware of that In the Black Swan he talks about his endeavor with the stock market and how lucky he got by chance, and not by using some pseudo scientific formulas and whatnot to "predict" how his stocks would do. He also gave some pretty good advice when it comes to the stock market The whole book is just awesome, I'd recommend giving it a read
- envsubst 3y agoI have read it. - He isn't a stock trader, he is a bond trader. The kind of bets you need to make to be succesful are different. - "how lucky he got by chance" - He doesn't say this. He talks about how we can even better model uncertainties.
- vik0 3y agoMy apologies, you are correct on the first point. >He talks about how we can even better model uncertainties. Where does he say this? What chapter? Thanks in advance. edit: were you alluding to his barbel strategy?