Nassim Nicholas Taleb, Discover and Read the Best of Twitter Threads by @nntaleb

Nassim Nicholas Taleb

nntaleb

To sleep well: hedge all your tail exposures. #RWRI+ hide nothing from your enemies+ pay all your taxes, show the IRS all your income mother of all tail risks)+ be

This is, scientifically speaking, fraud.Higher dimensional problems require monstrously larger sample.It is similar to the racist cranial theories [with even worse math].https://twitter.com/baumard_nicolas/status/1308715609795039232 2) The

It is remarkable that you have idiots like this "Prof" @BallouxFrancois who conflate additive risks with multiplicative ones (fat tailed), a mistake your grandmother wouldn't make.https://twitter.com/BallouxFrancois/status/129

Friends, there is a mob of "COVID is not serious" (even hoax) politicized attack dogs w/no notion of science nor interest in it who tag to the very few play-the-system

BOOK PUBLISHING THREAD, 1First Wave: Fashion buyers, the class of people who systematically buy NEW "idea books". The entire book industry organized to sell to them. Books must be "in

SYMPOSIUM ON RISK PARITYFriends, 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

ERRORS 101Never produce a point estimate for risk management, esp. in a fat tailed domain, rather show statistical properties.Never judge a risk management stance from point forecasts.These errors are promoted

We need a hall of shame in this thread. These people got us here owing to the lack of preparation. Murderous idiots!https://twitter.com/jeitoapp/status/1241355290852786181 The worst in the hall of shame is

Every #RWRI we discuss the situation how *oil above ground* (hence the front oil future) can sqeeze suckers and have a negative value because it can be impossible to store

Chloroquine: Does Big Pharma owns the media?+ Studies are said to be "not rigorous" when it comes to Chloroquine in spite of robust statistical signal+ Studies w/less rigor and significance

It's not the reaction that wrecked the economy. It's the LACK of INITIAL reaction that wrecked the economy. Proper border controls on Jan 26, plus masks & tests & we'd

MASKSOne comment about masks and nonlinearities that these imbeciles are not getting.Reducing exposure to viruses by 30% thanks to an "imperfect" mask does not mean reducing risk of contracting the