Financial Cartoonist | #RWRI | MBA | CEFA | “These pictures bust more BS than volumes in libraries.” -@nntaleb | ”Your talent is great.” -@ScottAdamsSays
Nov 2, 2019 • 6 tweets • 3 min read
“If you put a blueprint on anything that works organically you’ll f*ck it up.”
-@nntaleb
[Day 5] #RWRI 12 @nntaleb “Anyone who gives a zero probability is either a religious fanatic or an idiot.”
-@nntaleb
Nov 1, 2019 • 6 tweets • 3 min read
“Just knowing that the tail is there is half the battle.”
-@nntaleb
[Day 4] #RWRI 12 … some nuggets of wisdom
@nntaleb “If you need a good reputation to survive, you’re f*cked.”
-@nntaleb
Nov 1, 2019 • 4 tweets • 2 min read
“Rule of thumb: you’re in a drawdown state 70 % of the time. And more than half the time in a major drawdown.”
-@financequant
[Day 4] #RWRI 12 … facts about 180 years of stock market history
@financequant [Drawdown history without the great depression] “…its’ like saying that instead of having 100 pounds of TNT blowing up you have 98 pounds of TNT blowing up.”
-@financequant
Oct 31, 2019 • 4 tweets • 2 min read
“Sometimes the best way to reduce uncertainty is to do f*ckin’ nothin’.”
-@nntaleb
[Day 3, #RWRI 12] … some insights
@nntaleb “Backtesting is for morons. With backtesting you don’t capture the shadow mean; only the mean.”
-@nntaleb
