Nassim Nicholas Taleb @nntaleb
From my dispute w/ #NoConvexityBen Meng from CALPERS (currently) largest fund on planet PRINCIPLE: Thou Shalt Not compare convex payoffs (w/ tiny downside) to linear ones (w/yuuge downside). More Basic: Thou Shalt Not Call speculative trades "hedges". https://t.co/VYVcdKpouz — PolitiTweet.org