OnlyMe Posted November 14, 2010 Share Posted November 14, 2010 A man with a brain, rare in the economics world. http://paul.kedrosky.com/archives/2010/11/taleb_ben_berna.html http://www.youtube.com/watch?v=mhSRaehWSvY&feature=player_embedded Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted November 14, 2010 Share Posted November 14, 2010 A man with a brain, rare in the economics world. The guy is (I'm told) considered a joke among traders. "If he's so smart, why can't he make any money?". Quote Link to comment Share on other sites More sharing options...
Guest UK Debt Slave Posted November 14, 2010 Share Posted November 14, 2010 The guy is (I'm told) considered a joke among traders. "If he's so smart, why can't he make any money?". None the less, you cannot deny the common sense he is talking Here is Ron Paul's take on events Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted November 14, 2010 Author Share Posted November 14, 2010 The guy is (I'm told) considered a joke among traders. "If he's so smart, why can't he make any money?". what you'd sort of expect of them. Traders thrive on volatility, bernanke and co provide it is spades, the economy suffers, the state of the ecconomy nor the population is of no concern to traders neither is the ultimate solvency or otherwise of any country or company in which they trade. Quote Link to comment Share on other sites More sharing options...
Guest UK Debt Slave Posted November 14, 2010 Share Posted November 14, 2010 A man with a brain, rare in the economics world. I like his analogy about going to buy a suit and the tailor is Ben Bernanke That Bernanke would use surgery to make the human fit the suit rather than tailoring the suit to fit the person Quote Link to comment Share on other sites More sharing options...
silver surfer Posted November 14, 2010 Share Posted November 14, 2010 A man with a brain, rare in the economics world. He's more publicity hungry than an X Factor contestant. So you have to question everything he says, is he searching for the truth...or just searching for airtime? Quote Link to comment Share on other sites More sharing options...
nightsod Posted November 14, 2010 Share Posted November 14, 2010 He's more publicity hungry than an X Factor contestant. So you have to question everything he says, is he searching for the truth...or just searching for airtime? Seems bit unfair given that he's been in a self-imposed media exile for at least 6mnths whilst writing his latest book. I dont know what beyond the basic message of the last book he has to say though? No one in any authority really listened then, and I doubt they will now. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted November 14, 2010 Share Posted November 14, 2010 what you'd sort of expect of them. Traders thrive on volatility, bernanke and co provide it is spades, the economy suffers, the state of the ecconomy nor the population is of no concern to traders neither is the ultimate solvency or otherwise of any country or company in which they trade. Taleb is a trader trying to make a profit like all the others. Quote Link to comment Share on other sites More sharing options...
Groucho Posted November 14, 2010 Share Posted November 14, 2010 The guy is (I'm told) considered a joke among traders. "If he's so smart, why can't he make any money?". That probably shows that they've not even bothered to read his book. According to that he made a fortune in the LTCM crash a few years ago and has since made another on the lecture circuit. He declines to say how much, but enough to apparently regularly give cab drivers $1000 tips. Quote Link to comment Share on other sites More sharing options...
Cptkernow Posted November 15, 2010 Share Posted November 15, 2010 The guy is (I'm told) considered a joke among traders. "If he's so smart, why can't he make any money?". He is advising a hedge fund, hedge funds often take positions that depend on market failure of some kind. So yea traders make out like bandits whilst the bubble inflates, the hedge fund cleans up when it pops. So in the context of this forum, those trader are like housebuyers looking at those on this forum and saying if they are so smart why have they not made any money (out of re inflation). Quote Link to comment Share on other sites More sharing options...
Injin Posted November 15, 2010 Share Posted November 15, 2010 Taleb is a trader trying to make a profit like all the others. hmm He's also very concerned with philosophy. Making money is making money, truth is something else again. his income level doesn't change the truth of things (not saying that he's found it mind you!) Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted November 15, 2010 Share Posted November 15, 2010 He is advising a hedge fund, hedge funds often take positions that depend on market failure of some kind. So yea traders make out like bandits whilst the bubble inflates, the hedge fund cleans up when it pops. So in the context of this forum, those trader are like housebuyers looking at those on this forum and saying if they are so smart why have they not made any money (out of re inflation). They'd be right. Quote Link to comment Share on other sites More sharing options...
Injin Posted November 15, 2010 Share Posted November 15, 2010 They'd be right. And if they watched a farmer plant some seeds they'd be right in saying he hadn't made any crops yet as well. i.e. completely 100% accurate and also completely 100% retarded. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 15, 2010 Share Posted November 15, 2010 The guy is (I'm told) considered a joke among traders. "If he's so smart, why can't he make any money?". In his black swan book he claims he made a big enough bonus to say fook you to the bank he worked for and he walked to do what interested him. Quote Link to comment Share on other sites More sharing options...
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