Friends, in the wake of the road-rage by the lunatic of #AQR, @CliffordAsness, I will post short tutorial videos explaining the BS in theories of diversification.

I will answer Qs here.
Thread is v. technical. Nonscientific commentators will be blocked
The points presented by @CliffordAsness are far from technical. (BTW I am not blocking him so he can rebut as he wishes).
SYMPOSIUM on ELLIPTICALITY and how it cancels diversification
People are starting to get it!!
But I picked #AQR among all other representatives of the Flawed Mod. Finance because they keep publishing unrigorous crap about tail hedging & Ilmanen is verbalistic.

(Sorry I can't stand fools. #Rigor in reasoning).
For our French friends who requested a conversation on Ellipticality: with Raphael Douady.
You can follow @nntaleb.
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