Mac77

Nassim Taleb: Renegade Trader with Renegade Ideas - That Work

In response to morph man....Nassim Nicholas Taleb is a an empirical scepticist, more of a philosopher than an investor type. As an example, he believes that there are only two types of theories; those that have been disproved and those that have yet to be disproved. It does not mean that theories are not useful...it just means that they are not infallible.

I have read both his books "Fooled by Randomness" and "The Black Swan" and have found them to be life changing. Investing literally makes more sense after reading his books. In my opinion, this man does a better job (then anybody on the face of this planet) of explaining the role that luck plays in all our endeavors .

Taleb doesn't try to predict Black Swan (rare random) events, he just believes that most of society puts too much emphasise on empirical evidence. In other words, be a little less sure of yourself...always be prepared. This is why the stock market is known as the great humbler.

Get Ready to Buy Like It's 2002

In response to VEE...........

Hey you forgot to add.."I'm Barack Obama and I approved this Add"

The Next Bubble?

Sun Tzu (Ancient Chinese general & philosopher) said "all warfare is based on the art of deception. If strong, pretend to be week and hold out a carrot to entice your enemy".

Interesting that CNBC (who's parent company is GE...with their finance divison) didn't refer to this market sell off as a "Crash" or "Cascading Crash" till Friday. Ooops! too late for you Mom & Pop investor.

Now they keep saying "look at Gold, it's not increasing in price..why it's no save haven at all". Even Silver (poor mans gold) sold off huge last week. Interesting that precious metals are not rising with all this market turmoil. Hmmm!

Anyone want to make a bet that we all see a sudden jump in gold someday and the media will say "Wow ..were did that come from."
Yea...I wonder!

Just a thought.