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Nassim Taleb on the black swans of war

Started by citizen k, May 19, 2015, 06:36:34 PM

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MadImmortalMan

#60
May 21, 2015, 04:21:05 PM
Being an arrogant prick seems to be a necessary trait for options traders.  :P

Taleb only became an academic after he got rich.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

The Minsky Moment

#61
May 21, 2015, 05:08:59 PM
Quote from: Admiral Yi on May 21, 2015, 10:51:03 AM
The types of academics who look at things like declining warfullness trends don't usually get very far into statistics.

Don't know if that is necessarily true, but if it is true, it only makes his much broader indictment even more gratuitous and unnecessary.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson
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