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TheDrawbridge | Be a gentleman on the treadmill
Nassim Nicholas Taleb Does having a job make you a phony? Well, it most always does, in various degrees, so let's take these three rules for now. Primo : never trust a man who earns a salary (or, more specifically, has a dependent source of income) – unless he is on minimum wage.
Seeks a measure of order in physical, mathematical or social phenomena that are characterized by abundant data but extreme sample variability. The surprising esthetic value of many of his discoveries and their unexpected usefulness in teaching have made him an eloquent spokesman for the "unity of knowing and feeling."
Benoit B. Mandelbrot
Why Short Term Fat Tails Means Long Term Fat Tails (debunking illusions of "central limit theorem"; a (technical) reply to Treynor's "What can Taleb Learn From Markowitz?") Errors as counterfactuals Important (only): gamma -at- fooledbyrandomness-dot-com. (I beg journalists & members of the media to leave me alone.