Nassim Nicholas Taleb

@nntaleb ↗

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Last Checked March 7, 2021

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Fri May 22 12:25:32 +0000 2020

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Nassim Nicholas Taleb @nntaleb

2/n Fama's reasons was that Fat Tails were "incompatible with the tools in social science". It's like using the map of Tokyo in Mexico because "here is a map". I actually wrote to Fama & got same HORRENDOUS answer. Mandelbrot saw Fama never understood the CONSEQUENCES of tails. https://t.co/7R5ojL3X4Y — PolitiTweet.org

Posted May 22, 2020 Hibernated

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Nassim Nicholas Taleb @nntaleb

1/n The great Mandelbrot despised Fama whom he found both clueless & dishonorable. Fama was a French major & M supervised his thesis; they applied the Levy-Stable Distribution for markets (mistake since it's a limit not met preasymtotically). Then Fama turned on M to use MPT. — PolitiTweet.org

Posted May 22, 2020 Hibernated

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Nassim Nicholas Taleb @nntaleb

3/n Mandelbrot's contempt for Fama prompted to ignore story in book but it is revived by the connection to the *AQR lunatic* the disgusting @CliffordAsness Fat tails invalidate the tools of finance and Fama is indeed by his own admission unscientific. https://t.co/whVujGUJjN — PolitiTweet.org

Posted May 22, 2020 Hibernated