/biz/ - Business & Finance

>>18364461
Yes, Black Swan is better though. Also check out Antifragile

It’s a good read. He basically explains how all “financial experts” are drooling idiots who don’t have a clue what’s going on. He’s got good humor

reading is for faggots

>>18364868
What make Black Swan better? Which one should I start with?

Naw man, the Dao of Capital is where it's at.

>>18365023
Black swan pretty much covers everything in FbR but it has a lot more additional content and expands on many points. You could start with FbR, and skim through the repeat portions in Black Swan, not a bad idea

>>18364461
I've read half of these books. For any similar thinkers I suggest you check out
https://ipfs.kleros.io/ipfs/QmZeV32S2VoyUnqJsRRCh75F1fP2AeomVq2Ury2fTt9V4z/Dispute-Resolution-Kleros.pdf

immediately.

>>18364461
Yes, it's a good introductory work of Arab philosophy.

>>18364461
no. how does it end?

>>18366485
So if you like Nassims books your coin is Kleros?

>>18364975
Based
Also nothing is truly random, you just don’t see the pattern through limitations in perception

Literally got this book in the mail yesterday. Hope it's as good as biz told me.

>>18364461
Reading Taleb is for pseudo-intellectuals

>>18367603
Taleb is a meh public speaker but his books are solid and the facts presented unrefutable.

>>18367603
taleb is based

>>18365023
You should read all of them. Doesn't matter which you start with.

I read Skin in the Game first, then Fooled >Antifragile in typical order.

Black Swan is more fun than Fooled, and Antifragile is more fun than Black Swan.

You should read all of them.

>>18367603
Spoken like an IYI, or maybe just a plain I.

>>18367603
Imbecile

>>18367657
based on what?

>>18368326
based on all accounts

>>18368326

I read today the hedge fund he runs made literaly like 3,000% plus gains recently.

>>18368326
Just fucking shut up please

>>18364954
Yeah, brother is one of these financial experts who's been telling me the market is going to crash every year, for the last 4 years. And when it finally does it's from a surprise event like a pandemic. Hell I've been more right about the market lately than him. Of course he calls my predictions "lucky guesses" while his predictions are wrong only because of unforeseen circumstances, even though I only credit my predictions being right because I think gauging public opinions about fears/hope concerning Corona is the single best indicator we have right now. He completely dismisses that notion and repeats himself how he knows what he's talking about because he has a *insert list of financial schooling credentials*, unable to realize his credentials are only useful if they're used as an accurate predictor

>>18367603
>Reading Taleb is for pseudo-intellectuals

Taleb rails hard on pseudo-intellectuals. If you call him that, it's likely you're one of those people.

The only thing I disagree strongly with him is on IQ.

>>18368244
Tbh you can just read Antifragile and be done with it.

>>18364461
>Named by Fortune
>ONE OF THE SMARTEST BOOKS OF ALL TIME
>SMARTEST
yeah hard pass on that shit

>>18368326
muh dick

>>18368835
Ya I really like most of what he says and his attitude, doesn't seem to just follow whatever is popular. I haven't read any of his books.

His stuff on IQ I'm not sure I can agree with . I've read The Bell Curve. I've seen some papers Taleb has put out on IQ but I'm no math wiz. Just seems like a ton of mathematical rationalization for something obvious.

He did say something about "tinkering" . That he was never good at math until he got involved in trading and it mattered. A boring IQ test doesn't I guess hold enough interest for people to do well. No one said it was 100% accurate or 100% correlation with success or ability, just the best one we have.

Do you have any arguments against his IQ claims?

>>18368870
Cope.

Midwit book

>>18364461
> taleb

>>18368827

Huh? Taleb doesn't give a damn about credentials and isn't in the "predicting" business. For him crashes are inevitable, but you never know when they come exactly. Thus, you try to position yourself in a way, that you profit from them (antifragile) or at least, that you don't lose out too much (robustness). Astonishing how people can misunderstand a brilliant, but straight speaking man so much.

>>18370146
Hmm, might have misread your post as well. I'm the idiot now hehe.

Poorfags like to sit at home reading a book about how rich, successful, popular, energetic, ambitious, SUCCESSFUL wall st types aren't doing anything magical and actually the whole game is a scam circle jerk.

Well, guess what? They know it's a scam circle jerk and that's why they got into the field in the first place. It's like when incels are shocked to discover, at around age 27, that being n i c e to girls doesn't work, and omg Chad is treating her like shit wow big secret.

Everyone knows the game is rigged as fuck and being in the racket is a matter of your social skills and willingness to go along with the charade.

Same goes for a lot of fields. Science is an obvious example. Fraud is rampant, you just stfu and take your share, if you have any sense.

>>18370175
>It's like when incels are shocked to discover, at around age 27, that being n i c e to girls doesn't work, and omg Chad is treating her like shit wow big secret.

Is this something virgins actually discover in their late 20s?

>>18368359
based

>>18369683
>just the best one we have.

You're right there, IQ is a bad predictor of life success in many areas, but it's also a good predictor in the sense it's the best predictor we have. My issue with Taleb is that he says it's a terrible predictor, and leaves it at that.

Also he's cucked on the reality of Race and IQ, focusing on a few studies and their statistical issues while ignoring the overwhelming piles and piles of supplementary evidence. He also makes the normie mistake of starting off with the notion that race and IQ is majority environmentally driven, where if he looked at it from a blank slate perspective, and investigated the evidence for environment based effects vs heritability, it's just overwhelmingly in favor of the heritable explanation as far as evidence is concerned.

>>18370146
> doesn't understand basic data analysis
> brilliant

>>18367624
If he spoke half as well as the other pop conservative thinkers he would be #1. Unfortunately he comes across like our Zizek when in fact he is our Nietzsche Of Wall Street

https://translate.google.com/translate?sl=auto&tl=en&u=https%3A%2F%2Fepocanegocios.globo.com%2FInformacao%2FVisao%2Fnoticia%2F2013%2F02%2Fo-nietzsche-de-wall-street.html

>>18370603
Is this was peak male performance looks like?

>>18366490
Imbecile.

>>18370603
>conservative
Does he consider himself to be one? He's harder than most to pigeonhole.

You guys are just making it harder for me to read his books. Should I read or not??

>>18370146
Its so simple it almost doesn't have to be said. It can be put into a 100 page book. Two cliff notes booklets.

>>18370668
He's greek orthodox conservative christian.
do you even have to ask for an options trader bro... what modern progressive speaks positively about ancient western traditions, wisdom and philosophy and against academia. They would be eaten alive by their own if they did that.

I went to the Swedish Investor on YouTube. He breaks down the books. Cliff notes style.

>>18364461
Ryan Faulk completely and utterly exposed Taleb as a total midwit.

>>18364975
t. illiterate nigger

>>18364461
Just downloaded it from libgen.

>>18364461
it's all totally wrong. pseudo scientists that seem to have lot of pseudo intellectual followers

>>18370945
they are free on youtube as audiobooks.

>>18367603
Not anything for nitpickers, fragilistas, IYI's (intellectual yet idiot), BS-vendors, charlatans or gymrats. Gabish?

A pillar of sanity in a sea of retardedness. Of course retards will have the inverted perspective.
Yes his stance on IQ is meh, but he's from a minority group so this cope is understandable.

bump

>>18366485
>>18367528
Samefagging nigger fuck off. You missed the boat to shill your pump and dump project 3 years ago.

>>18368827
Must be hard to have a brainlet brother with a big ego..

>>18364461
No but I read black swan and antifragile and im pretty suee he repets himself a lot so im good

>>18370247
He doesn't say it's a terrible predictor. He says it's a good predictor for retardation.

But a bad predictor for higher IQ.

>>18366059
Very good book as well

>>18367603
Intellectuel, schmintellectuel. Taleb don't care about sounding smart, therefore is not a pseud

http://kgt.bme.hu/files//BMEGT30M400/Taleb_Antifragile__2012.pdf
antifragile in PDF

>>18370962
Wait, what is not correct? I think the only disputable claim in his books is the IQ one.

>>18376559
I beg to differ here. He might not try to make everything sound like Kant, but he certainly loves saying how much he got everything figured out and no one else in his field has.

So, what sort of conclusions are drawn from this book? That TA and fundamental analysis are bullshit and shit is just random?

Just to have an idea that I'm supposed to take away from it from people who have read it.

>>18364461
Some things are so unexpected that no one is prepared for them- Leo Rosten
Does Taleb give credit in any of his books to the original. If he doesn't he doesn't deserve to be read.

>>18378175
That humans inherently do not like to think about disasters and failure, and as a result markets underestimate the risk of catastrophic loss.
If you look at stock options going into an earnings report, the spread between puts and calls is probably around 50-50 or 40-60 in terms of payout for a directional move of + or - 10%. Whereas a far OTM put on that corporation or far OTM call on the volatility index would have payouts in orders of magnitude of 1000 to 1. These premiums exist in a world where something terrible happens almost every decade and causes markets to crash. Taleb simply points out the obvious and has massively profited from every market crash since 1987.

>>18378474
Profited from every crash yet still not satisfied. So he hires a PR firm to create threads on 4chan, posting on /lit/ and /biz/, for what , to massage his ego? Or create buz that stimulates book sales.

>>18379612
You need medication for your mental illness.

>>18370779
its he also kinda jewish?

>>18364461
Various philosophy, probability and statistics experts and professors called him out on his books and weak ideas. Obviously he attracts low IQ readers like OP.

>>18364461
Is this on Netflix

>>18376534
who needs a good predictor for retardation? you can see how retarded they are just by looking at their face

>>18380013
Are Margin Call and The Big Short? Those are black swan kino.

>>18379643
No meds. just need to get out of quarantine.

>>18379985
>(((Experts)))
Faggotry experts say you're a fag