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01-26-2018 08:14 PM
#1
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01-26-2018 08:52 PM
#2
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My take on Taleb is that he's a gifted mathematician who for whatever reason tried to apply his skills to a field to which they aren't suited and then got butthurt when they weren't appreciated by people in a field they weren't suited to. He then pointed out what a waste of his talent that field was and everyone knowledgeable about maths agreed and everyone else got the other message that certain fields have too much variance for anyone trying to find some predictive parameter to make a useful model. | |
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01-26-2018 08:57 PM
#3
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01-26-2018 09:18 PM
#4
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My personal synopsis of Taleb's narrative is that he went into the field of high finance for the purpose of becoming wealthy (why else would you go into high finance, not for a love of maths certainly?), realized it had limited or no benefit for a math genius (the variance outweighed the mean by a bigly amount), argued such and such with who and who, and came to the conclusion that there is a better way to explain economic vagaries than the normal distribution. That last bit in itself is a clear and worthy insight. There is no credit denied there. Absolutely the man is clever at math. | |
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01-26-2018 09:23 PM
#5
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Taleb has convinced me that he is worth listening to, but that doesn't mean he has convinced me that what he says is worth believing. |
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01-26-2018 09:24 PM
#6
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I love the IYI and the skin in the game thing. Some people have head in ass syndrome. It's real. |