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Archive of posts published in the tag: Nassim Taleb

Random Notes 10.22.2011

Israeli soldier Gilad Schalit was finally released in exchange for 1027 Palestinian terrorists and captured cold blooded murderers.  One should be reminded that Schalit was kidnapped on Israeli soil.  Many have weighed in on whether the exchange was worth the

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Lost With the Wrong Map

If you have the cue ball and just one other ball on the pool table lined up for shot in the corner pocket, AND you are a reasonable competent pool player then you can determine with some degree of accuracy

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We are all economists now

To say that economics is about money is like saying art is about color.  Money is a critical element, but it explains very little about the discipline. Many laymen confuse economics with finance. While the subjects substantially overlap, our recent

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The Bed of Procrustes

Procrustes was a cruel estate owner in Greek mythology who insisted that guests fit the traveler’s bed to perfection. He would cut off the legs of those who were too tall, and those who were too short were painfully stretched.

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Taleb on Regulation, Debt, & Bubbles

The very astute Nassim Taleb: Regulations alone will not protect us. The regulators gave the banks the rope to hang themselves. The smaller the error rate, the more likely it is to be grossly underestimated. No bonus without malice. Cancel

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The Great Equalizer

“Capitalism is, among other things, the revitalization of the world thanks to the opportunity to be lucky.  Luck is the great equalizer because almost everyone can benefit from it. The socialist government protected their monsters and, by doing so, killed

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