Paul V. Azzopardi

Making a Fetish of Low Volatility

Nice point Nadav !

From another angle: how about the global banks whom we thought were relatively low volatility, high dividend, regulated, solid, pension fund type bedrock investments, only to find that their managements took shareholders' and depositors' money, churned it, reported huge profits, got paid high bonuses, went home, and left negative net worth institutions on our hands? Where's all the money gone and who is responsible?

Forget stocks for the long-term !

Nassim Taleb: Renegade Trader with Renegade Ideas - That Work

I love Taleb's writings but as to his investment strategy: it's just too lumpy for me.

You read Taleb to gain an overall perspective of the market - white swans can keep coming long after the black swan hunter is bankrupt.

Taleb's main contributions are (1) style, and (2) highlighting that black swans exist when there's been too many white swans in the sky.