Nassim Nicholas Taleb

@nntaleb ↗

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Last Checked Jan. 30, 2022

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Wed Jan 19 17:39:18 +0000 2022

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Nassim Nicholas Taleb @nntaleb

@carefullycnsdrd The owners of the fund can buy at the discount, change the covenant, and net a yuuuuuge arb immediately, more than PV of future fees! — PolitiTweet.org

Posted Jan. 19, 2022

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Nassim Nicholas Taleb @nntaleb

History: in the 70s (even 80s), many closed end funds traded at yuuge discounts, making it absurd to not use them in place of the holdings. Best explanation to the puzzle is that "smart money", those who can understand the trade-off, aren't interested. https://t.co/U5hYxpd0N6 — PolitiTweet.org

Posted Jan. 19, 2022

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Nassim Nicholas Taleb @nntaleb

The same suckers who believe that telling someone to drive safely will make her or him drive safely also believe that supplying rational or empirical arguments will change the mind of a random Covidopath on the internet. — PolitiTweet.org

Posted Jan. 19, 2022