oakmac
Joined 18 years ago
Joined 18 years ago
I would have no problem doing 100 pushups every hour 8 times a day.
From the article you linked: "None of this implies, however, that the existence of outliers undermines modern portfolio theory or asset pricing theory."
In fact, that's exactly what it does. This is what happens when you build houses on top of sand.
This report is as useful as yesterday's racing form.
Taleb's position (and argument in this paper) is that we need to recognize instances where we don't know the answer instead of making decisions based on assumptions that we do.
I think what you are trying to say is "You don't need to live in poverty in order to accomplish great things." In which case, I agree with you, but I believe you should pick your words more carefully.
This will be my last reply; I don't want this thread to become a pissing contest.
I have no desire to emulate Ghandi and I never stated that I did. I recognize when to respect the accomplishments of others.
If that is the case I would strongly suggest you reconsider your priorities.
You are always 100% in control of your emotions: the choice to be happy is up to you regardless of what you're doing or what's happening to you. Money (or value) will come from following fundamental principles of success: diligence, hard work, honesty, etc. You often find the two together, but neither is required for the other.
For more information read Dan Gilbert's "Stumbling on Happiness" and Viktor Frankl's "Man's Search for Meaning."