Nassim Nicholas Taleb

Nassim Nicholas Taleb @nntaleb

LUNA is the equivalent of having an electic guitar repairperson perform cardiac surgery. 1- Some pple who know nothing about finance & feed-back loops design a contract, LUNA. 2- Nobody among users/institutions noticed, because, again, nobody there knows anything abt finance. — PolitiTweet.org

Nassim Nicholas Taleb @nntaleb

Today's last lecture at Tandon (where I stand in for Peter Carr). In the Black Scholes world, dW^2=dt, non stochastic at the limit. In the real world, under discreteness, ΔW^2 >= Δt, In Fat Tailed Domains, ΔW^2 is infinite. https://t.co/zDda67sDoa — PolitiTweet.org