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
Are 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|2 years ago
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|2 years ago
- 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.
ozzydave|2 years ago
envsubst|2 years ago
This is just like the startup founder argument. Every one which succeeds ends up having a tremendously interesting background demonstrating unique interest and capability.