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’Taleb explains his tweets
Nassim Nicholas Taleb, of Black Swan fame, doesn’t just tweet on Twitter.
He now tweets the explanations for his Twitter tweets on Twitter.
So if the below Friday tweet left you in a confused state:
Thursday’s crash might really have been a Black Swan event
Was the world’s most pompous finance commentator and ornithology enthusiast in someway behind the flash crash?
There have been rumours that the order which set of Thursday’s cascade of high-frequency fueled-selling had originated somewhere in Chicago.
Black Swan addendum
A note on Nassim Nicholas Taleb’s website, www.fooledbyrandomness.com, mentions a coming addition to his seminal Black Swan:
PLEASE NOTE THAT I AM ON MEDIA HIATUS Nov 2009 to May 2010 with the 2nd edition of The Black Swan (and perhaps,
Black Swan for dummies
Were you fooled by Nassim Nicholas Taleb’s randomness?
Was the Black Swan too dark for your comprehension?
Was the fourth quadrant off your radar screen?
Never fear, for the Black Swan man himself has penned a paper outlining his rare event-theory idea and “common errors”
Leverage ratios are the new VaR?
What happens when you get Rick Bookstaber and Nassim Nicholas Taleb in the same room, to talk about one of the most controversial risk measures of the financial crisis?
They (almost) agree.
The two were speaking in front of the US House of Representatives Committee on Science & Technology,
The Black Swan battle is about to begin
On Thursday, the US House of Representatives Committee on Science & Technology will turn its attention to financial modeling.
Specifically, the committee will be scrutinising the role of the much-maligned Value-at-Risk model,
Battle of the financial pundits
We at FT Alphaville are not getting involved in this one, though we think our readers might want to wade in.
The very vocal Janet Tavakoli, of Tavakoli Structured Finance, has been in an ongoing spat with Black Swan man Nassim Nicholas Taleb.
Taleb vs Tavakoli, a post-it update
The spat between Janet Tavakoli and Nassim Nicholas Taleb refuses to go away.
The Black Swan man has updated his notes to the copy of the GQ profile posted on his website:
Those having a hard time keeping up should read the links below,
The notional Taleb
Remember the clash between Janet Tavakoli and Nassim Taleb over a profile of the Black Swan man in GQ?
Tavakoli, of Tavakoli Structured Finance, highlighted a seeming error in the GQ article, which was penned by novelist Will Self.
Tavakoli really does have issues with Taleb
Seems we were being a bit charitable when we wrote on Monday that Janet Tavakoli, of Tavakoli Structured Finance, was criticising the journalistic manner of men’s magazine GQ rather than Nassim Nicholas Taleb’s honesty.
Inflationistas, deflationistas and Goldilockeans
The inflation vs deflation debate rages on. To help FT Alphaville readers, we’ve compiled a handy-list of what we’re calling inflationistas — those who are publicly betting on high or even hyper-inflation,
Tavakoli takes down GQ, not Taleb
Janet Tavakoli of Tavakoli Structured Finance has emailed us the following:
A recent GQ article quoted Nassim Nicholas Taleb as saying that in the falling market he “made $20 billion for our clients, half a billion for the Black Swan fund.”
Taleb goes long inflation
Here’s another one to add to the hyperinflation bandwagon: Nassim Nicholas Taleb, of Black Swan fame.
From the Wall Street Journal:
A hedge fund firm that reaped huge rewards betting against the market last year is about to open a fund premised on another wager:
Taleb on the fallacy of “too big to fail” and economies of scale
Nassim “Black Swans? Yeah, That Was Me” Taleb released a new paper on financial institutions over the weekend, titled “Too Big to Fail, Hidden Risks, and the Fallacy of Large Institutions”.
Extract (emphasis FT Alphaville’s):
Taleb: “It’s worse than Roubini thinks”
We missed this last week, but Nassim “I see Black Swans” Taleb believes Nouriel Roubini isn’t being bearish enough.
Click the image for the clip. The whole video interview with Charlie Rose can be found here.
From financial alchemy to medieval quackery: modern finance is bunk
UK Chancellor Alistair Darling called last month for a “return to good old fashioned banking”. The FT on Monday reported of the flight to simplicity that was gripping markets.
Nassim Nicholas Taleb,