Nassim Nicholas Taleb

@nntaleb ↗

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Last Checked June 24, 2022

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Mon Jun 06 12:43:06 +0000 2022

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Nassim Nicholas Taleb @nntaleb

2/ So the error is to anchor on specific items rather than a dynamic basket. There has been a loss of financial sophistication w/cypto/blockchain generation. In their word salads, they don't get that "money supply" became asset inflation from low rates, largely from crypto & RE. — PolitiTweet.org

Posted June 6, 2022

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Nassim Nicholas Taleb @nntaleb

INFLATION /n Supermarkets A & B are in the same town. A advertises it sells same butter brand $.53/lb cheaper than B. B advertises it sells the same detergent $.78 cheaper than A. When gauging your own goods inflation, look at the lower bound of prices & include substitution. — PolitiTweet.org

Posted June 6, 2022

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Nassim Nicholas Taleb @nntaleb

3) The core is optionality. The consumer does not have a rigid basket, but has the option to switch between items and substitutes as they become available via high and low technology. I see errors made today by "professionals" that were almost never made in the past. — PolitiTweet.org

Posted June 6, 2022