Max Zeledon

Nassim Taleb: Renegade Trader with Renegade Ideas - That Work

Cute article. But here is the only problem with this story: The subprime crisis and stock meltdown was not a Black Swan--everyone with half a brain and some common sense not to trust quant models or Wall Street charlatans knew what was coming over a year ago. The hedge fund managers I know were short 15 months ago. This was not a black swan.at all. The only ones who didn't know anything was CNBC and Jim Cramer!

Nassim Taleb: Renegade Trader with Renegade Ideas - That Work

Cute article. But here is the only problem with this story: The subprime crisis and stock meltdown was not a Black Swan--everyone with half a brain and some common sense not to trust quant models or Wall Street charlatans knew what was coming over a year ago. The hedge fund managers I know were short 15 months ago. This was not a black swan.at all. The only ones who didn't know anything was CNBC and Jim Cramer!