Comment Comment by pmart123 I liked the first chapter of "Fooled by Randomness," but I stopped reading the book when each chapter regurgitated the same points, each more nihilistic than the last. Perhaps Taleb should concentrate on the accuracy of his own predictions:https://www.businessinsider.com/taleb-every-single-human-bei...>>> "every single human being" should bet U.S. Treasury bonds will decline.>>> Short the S&P vs Long Gold, in a 5 to 1 ratio. By gold Taleb means a basket of precious metals including gold.The second trade would have lost $125k for every $10k invested in gold and $50k invested in SPY.Did he miscalculate the risk of a black swan event...? parent pmart123 8 years ago
https://www.businessinsider.com/taleb-every-single-human-bei...
>>> "every single human being" should bet U.S. Treasury bonds will decline.
>>> Short the S&P vs Long Gold, in a 5 to 1 ratio. By gold Taleb means a basket of precious metals including gold.
The second trade would have lost $125k for every $10k invested in gold and $50k invested in SPY.
Did he miscalculate the risk of a black swan event...?