Nassim Nicholas Taleb

@nntaleb ↗

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Last Checked Sept. 15, 2021

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Wed Mar 31 13:19:25 +0000 2021

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Nassim Nicholas Taleb @nntaleb

FINANCE DU JOUR It suffices that the correlation between any 2 assets to have a random character, that is, need to be "recalibrated", for everything in Modern Portfolio Theory to fall apart. This applies to AQR-style strategies called "risk parity". Proof via #ellipticality — PolitiTweet.org

Posted March 31, 2021 Deleted Just a Typo

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Nassim Nicholas Taleb @nntaleb

You learn from accounts of failures much more than those of successes. Yet the "success literature" flourishes and books on "how I lost x $" go out of print. — PolitiTweet.org

This is a story about how I lost $10,000,000 by doing something stupid. Ten. Million. Dollars. Literally up in sm… https://t.co/a8YZ2NbBbJ

Posted March 31, 2021 Hibernated

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Nassim Nicholas Taleb @nntaleb

FINANCE DU JOUR It suffices for the correlation between any 2 assets to have a random character, that is, needs to be "recalibrated", for everything in Modern Portfolio Theory to fall apart. Also applies to AQR-style strategies called "risk parity". Proof via #ellipticality — PolitiTweet.org

Posted March 31, 2021 Hibernated