Nassim Nicholas Taleb

Nassim Nicholas Taleb @nntaleb

2) To remove the ambiguity: + For infinite positive mean, a diversified 1/n strategy dominates. + For infinite *negative* mean [a *one sided* Pareto where the positive is losses] the dominant strategy is to put all in one basket. Sort for similar to Savage-Dubins for finite var. — PolitiTweet.org

Nassim Nicholas Taleb @nntaleb

FINANCE DU JOUR A useway metric to look at the performance of a security is in max drawdown (in log), to account for the vast number of people who bought near the high (or owners who missed a sale there). The SP & Gold are trading ~15% drawdown (in log), whereas BTC in ~120%. https://t.co/E1nVPanIA3 — PolitiTweet.org