Nassim Nicholas Taleb

@nntaleb ↗

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Last Checked March 7, 2021

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Fri May 22 12:32:49 +0000 2020

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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

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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

4/n The great Mandelbrot was 100% uncompromising. But he suffered because he cared abt honors & academic status; he depended on a certain establishment. So I learned from him to do opposite 1) be 100% independent, 2) Do theorems & proofs (which, being intuitive, he hated). — PolitiTweet.org

Posted May 22, 2020 Hibernated