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Aaron Brown argues that Universa's claimed 4,144% return in March 2020 is bogus, because the base used was the monthly premium paid. The true return was a mere 12.8%, vs. an average monthly loss of .22%.

Not the first time we see Black Swan claims busted: bit.ly/2AAZogi
It is time for @nntaleb to stop making sensationalist claims about Black Swan strategies, and publish his full track record.

Taleb's arguments are far from strictly academic. As a co-owner of Universa, he has a conflict of interest. He benefits financially from these claims.
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Keep Current with Marcos López de Prado

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