Mention to Nassim Taleb for making me discovered EVT and Mandelbrot. I dropped a whole career in economics to pursue in an applied probabilities cursus. I was fortunate to be able to change and trade in my youth days. The Greco-Phoenician mentor
@nntaleb
@nntaleb
@kaushikcbasu
As an economist I agree with Nassim but I am viewed as a charlatans by the mainstream because of my beliefs in complex systems and non linearity 😂... Actually I am now in a Quants program...
The last stand of Constantine XI, Saint in the Orthodox Church, and last ruling Roman Emperor. He had skin in the game like
@nntaleb
promotes. A principle well observed in the Roman Empire.
#byzantine
#fallofconstatinople
#29MAYIS1453
@nntaleb
Pourquoi tout les grands penseur du libéralisme sont ils français en majorité? (Montaigne, Tocqueville, Bastiat). Réponse de Friedman à Charles Gave... Pour comprendre l'enfer ils faut y vivre... Point initial d'un grand totalitarisme.
@GaveEmmanuelle
The main problem in economics is that except for econometrics there is no way to backtrack their equations with pure/applied mathematics theorems or equations....Mathematical finance on the other hand way more straightforward to compare it to the pure stuff.
@nntaleb
You realize that those kids are so risk averse, the labor market eats then from their lack of ambition to have skin in the game and found their own STEM firm or hedge fund or whatever can bring you a self-job...
@nntaleb
@sapinker
@yaneerbaryam
These charlatans don't understand non linearity and non gaussians processes... 🤔 Using linear methods is so unsophisticated...
@vincentrcrd
@nntaleb
That phenomenon is common in other social science like economics also. I was lucky to be young enough to switch to applied probability and mathematical finance before ending with an Econ PhD lol
This is how Roum do it. You enter the church, you cross yourself three time at each major saints icons. You make a donation and you go continue your flaneuring.
@nntaleb
I've been playing around it Long/Short but a tiny small % of my portfolio...its interesting from a trading/psychology aspect... BTC is an entertaining(not rational) episode of our History 🤣
You realize with time that : Recreational Mathematics, philosophy, trading, history, theology and physical exercises preserve your health (mentally/physically) very efficiently.
@nntaleb
Social science are not even aware about their gap with physics and mathematics, sociopsychologist blame economists for the over math, and the mainstream economists are allergic to Econophysics yet with all their failures.
#Screwthemall
My personal Finance facts of the last 5 years : The barbell strategy preconized by
@nntaleb
for portfolio allocation works. Never underestimate the power of the kurtosis.
The only Greek Orthodox seat in the region, the one my father. We just kicked out Assad Herdan the SSNP that was here since 1992. Hezbollah-backed list loses south Lebanon seat to opposition-candidate, officials say
@nntaleb
@joonya__
Omg.... So Guys There is also the sub-idiots that use non-normal distrib under ellipticality to reproduce some bs portfolio allocations.
For the interest of all: p. 110 of the technical incerto vol1.
Huge gains... on the crypto market prove again that the Antifragile strategy of
@nntaleb
works...using Kelly criterion the risk is actually 0 when you trade with the market money...and NO leverage!
@nntaleb
@amalmerzouk
That reminds me some people believing i was a conspiracist for receiving Vanguards documents on some of my index funds....Or Blackrock for my short-term t-bills.....
Since I'm hearing
@raoult_didier
(a real scientist). I never thought that I would qualify some people in medicine and epidemiology** as a total pseudoscientists community... I thought they were only in social sciences... Mea Culpa.
I see Probability and Finance as a puzzle that one can be really lost in it. Trying a MLE Mixture of Student T with a Pareto. Like French say it : Une erreur de novice.
@nntaleb
And they called me fool 10 years ago because i was an Antiochian byzantine nostalgic. Our tribe is waking up! The pan arabist clergy is getting silent by the power of time!
When you are obsessed about the historical extreme events and you woke up with what is happening in Russia. It was something predictable but the timing and the outcome was/will be uncertain.