So let me reduce Taleb’s life’s work as an essayist in ridicule of western civilization to its foundations: (a) Mandelbrot was right that the stock market is just noise so w/o inside information just invest in funds. … (and here comes the big one) …
Source date (UTC): 2019-10-03 15:37:57 UTC
Original post: https://twitter.com/i/web/status/1179782650346819585
Reply addressees: @clairlemon
Replying to: https://twitter.com/i/web/status/1179781837494857728
IN REPLY TO:
Unknown author
@clairlemon Meanwhile, he fails to grasp that those ‘educated but unintelligent people’ are in their position to eliminate error and low trust, not to maximize profits. Which if you have been following along this argument I’m making, means that not maximizing personal profit maximizes ALL.
Original post: https://x.com/i/web/status/1179781837494857728
IN REPLY TO:
@curtdoolittle
@clairlemon Meanwhile, he fails to grasp that those ‘educated but unintelligent people’ are in their position to eliminate error and low trust, not to maximize profits. Which if you have been following along this argument I’m making, means that not maximizing personal profit maximizes ALL.
Original post: https://x.com/i/web/status/1179781837494857728
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