7 ms·
how good was Taleb at following his own advice? Had he tested it? As I recall he is pretty big on "skin in the game' as his differentiator.
by a_better_world 7mo ago
how good was Taleb at following his own advice? Had he tested it? As I recall he is pretty big on "skin in the game' as his differentiator.
- fraaancis 7mo agoHe kind of did. He used leverage to place bets on the market. Leverage scales in a way, because larger pools of money (corporations, groups of investors) mean larger bets. But leverage also doesn't scale, because larger pools of money tend to make smaller bets over a larger surface of the market, since being wrong in a big way with leverage can wipe you out.