"One key to understanding Taleb is the Freudian concept of projection: he applies his greatest faults to others.. It's like a guy who says corn prices might increase because of risk from floods, and when a collapse in the dollar causes its price to rise, states, 'I told you so'"
"Further, we should ‘go long’ on these unanticipated events by engaging in quirky activities on the off-chance that we randomly find something, or someone, really valuable."pic.twitter.com/qVMNX3IGL3
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general thought here is that there's a kind of virtue to opening say... a persian restaurant in a neighborhood. it's a risky exploration of ppl's willingness to try new things. win or lose at least you 'did something'
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taleb's strategy overall isn't very 'good' from a returns perspective. but it is more 'virtuous' b/c it puts "your money where your mouth is" vs extracting value like a vampire and being immortal to blow-ups
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interesting to note that these 2 are both christians. imo the main conflict is between the stance one should have towards risk. e.g. strategist vs warrior.
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