Gold is to hyperinflation, as Davos is for name-dropping.
Check out his new book.
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3 thoughts on “Nassim Taleb “Davos Is For Name Dropping””
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Gold is to hyperinflation, as Davos is for name-dropping.
Check out his new book.
Please note: I reserve the right to delete comments that are offensive or off-topic.
Comments are closed.
Taleb has made a profound point. As a thinker, you need to be original. You have to rely on yourself for that- not parroting popular themes copied from others. This independent thinking means you are accountable to yourself. He continues to learn whilst cutting out outside noise. This I suspect is also a hallmark of a confident trader.
He definitely has an original way of looking at issues and his trading has been going well, at least last time I checked a few months ago.
But let’s not forget that his previous fund made no money for years, Empirica.
Buying far out of money options as your main strategy has it’s place, but I don’t think you can run fund like that 365 days/year. I believe he’s moderated that view and buys/sells options more to even out returns.
Still, I agree that listening to economist and having certain academic backrounds can actually be a disadvantage to trading.
I’ll be reviewing the book shortly. I heard that he sells options too in
order to offset the bleeding.