Comments on: On Taleb and Black Swans http://themaanga.com/2007/12/27/on-taleb-and-black-swans/ Sat, 31 Jul 2010 02:59:05 +0000 http://wordpress.org/?v=2.6.3 By: Someone http://themaanga.com/2007/12/27/on-taleb-and-black-swans/#comment-729 Someone Fri, 28 Dec 2007 03:48:23 +0000 http://themaanga.com/2007/12/27/on-taleb-and-black-swans/#comment-729 Truckload of intellectual yap that no one wants to read. You are becoming increasingly "The HIndu" Truckload of intellectual yap that no one wants to read. You are becoming increasingly “The HIndu”

]]> By: Ritwik http://themaanga.com/2007/12/27/on-taleb-and-black-swans/#comment-728 Ritwik Thu, 27 Dec 2007 18:20:15 +0000 http://themaanga.com/2007/12/27/on-taleb-and-black-swans/#comment-728 Was unaware of the hedge fund angle in Taleb's life. Most of what I have read of/from him is a criticsm of financial economics and the nobel prizes in the field, which, he accuses, is blocking real knowledge of risk management as practiced by him and his fellow traders from permeating into B-schools. A large part of the technical aspect of his arguments revolve around the memoryless property of the exponential distribution being a better representation of the fat tail then the Gaussian. He relates this to fractals (and hence the fascintion and association with Mandelbrot, I think). The basic proposition is quite interesting but in his critiques he uses stretched analogies and examples and doesn't care much for logic when ranting about MPT theorists, reducing his cedibility a little. Was unaware of the hedge fund angle in Taleb’s life. Most of what I have read of/from him is a criticsm of financial economics and the nobel prizes in the field, which, he accuses, is blocking real knowledge of risk management as practiced by him and his fellow traders from permeating into B-schools.

A large part of the technical aspect of his arguments revolve around the memoryless property of the exponential distribution being a better representation of the fat tail then the Gaussian. He relates this to fractals (and hence the fascintion and association with Mandelbrot, I think). The basic proposition is quite interesting but in his critiques he uses stretched analogies and examples and doesn’t care much for logic when ranting about MPT theorists, reducing his cedibility a little.

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