Read on Twitter
I’ve avoided fighting with this insane person for a while, as while sometimes brilliant, he’s often very wrong and clearly both nuts and a world class terrible person. Didn’t need that in my life. But sometimes the insane people eventually get around to you. https://twitter.com/nntaleb/status/1263102555565023233
I won’t be responding directly to his broken insane nonsense after this as, well, he’s broken and insane. But a lot of people follow him and seem to enjoy his libelous vitriolic bullshit (his favorite word, ironic, but common projection for bullshitters). So you get this once.
First, he comparing apples to hippopotamuses. I’ve written 50 things about value’s problems. I hide nothing. Does anyone feel a yawning lack of discussion from me on our recent (not long term) travails in value related products (with no relation to tail risk crisis insurance)?
Yet this crazy man accuses of us of not mentioning it in this separate debate all about tail risk insurance? It’s a nonsequitar with evil mendacious intent. He’s had a long running debate with Antti (who’s as good a mind as his, and 1000x the person he is). That’s fine and good.
Debate is good. But apparently he’s incapable of having this debate without lies, deflections, accusations. He just tried to steamroll with bombast, bullshit, viscousness, and jargon. He’s also wrong in that debate, which he mischaracterizes, but that is just my opinion.
As to risk parity, which he also throws in (like all bullshitters throw stuff in) as an unrelated attack. Dude, it’s also not a tail risk product. Long term it’s handily beat global 60/40 live (USA 60/40 has been tougher with the USA crushing it). Picking on it here is nonsense.
I’m probably not supposed to mention this but we also run a tail risk LP that’s way up this year. It’s not up the silly “calculated on a tiny base” number like some other claims. Nor is it restarted every time it loses all the money like some do and then claim glory. Go figure.
Getting famous and rich for saying “bad shit happens sometimes” and then screaming “see” when it luckily does soon after, even though you’ve lost all the money many times, and then using that pulpit to slander and abuse people is gross. Just my opinion.
And while I’ve known he’s gone nuts for a while, and therefore avoided him, in a past life we knew each other and we have not fought before. So, his doing this mendacious slimy hit on us, and on Antti who, unlike me, is a true gentleman, is just so low.
For some reason he didn’t just call me or Antti up and say “we should debate this.” Instead he chose this grossly dishonorable Twitter hit.
You can deadlift all you want my still chubby friend, you are a bad, nasty, overrated man, and you are without honor.
You can deadlift all you want my still chubby friend, you are a bad, nasty, overrated man, and you are without honor.
Oh, and yes, the real problem is we don’t understand the payoffs on out-of-the-money options. That sounds likely. Wait, options have different strikes and therefore act differently? Well knock me over with a feather. More bullshit and deflection. Not the debate.
So, @nassim, go deadlift a house, drink some 10,000 year old beverage, be the most pretentious blustering abusive misleading asshole on Twitter (on Twitter!) but leave me the f**k out of your personal evil nonsense ok?
Bye Nassim. When you rant and rave and spit in response, and outright make yet more stuff up, I won’t be responding. That means you lost not won btw. Pick on someone scared of you or vaguely impressed by you next time, perhaps you’ll do better.
