Disconnect between workers and leaders about returning to the office
As
@nntaleb
says - most CEOs are actors. Covid is showing they have zero leadership ability in crisis
This situation reminds me of when
@nntaleb
was trapped in Lebanon during the beginning of the civil war and everyone said it would be over in a few months.
Hedge funder Mark Spitznagel says there's 'something immoral' about America’s reliance on debt — and future generations 'will bear the burden’ | Fortune
According to the U.S. economist Thomas Sowell, "Most working Americans, who were initially in the bottom 20% of income-earners, rise out of that bottom 20%. More of them end up in the top 20% than remain in the bottom 20%."
It's surreal that the “my pillow” guy made a zillion dollars because his crack problem gave him inadequate sleep necessitating a better pillow.
Never give up.
The fear is far worse than the virus. The governments have it wrong. Stay open for business. If not, so many more people will die from a crashing economy than from this virus.
#corona
#dustbowl
#food
#clothing
#shelter
Furthermore, such a program should also compensate those who did not borrow.
And charge the universities and real estate developers for the costs of the bailout.
#Skininthegame
The excellent
@rorysutherland
book "Alchemy" reinforced my belief that economic growth does not come from rational design. We don't have a formula for getting growth. It is a messy, complicated process, and the result of small irrational bets.
I remember when
@nntaleb
@financequant
debated the risks of an outbreak at
#rwri
, nassim mentioned that hospitable might not even be open because staff wouldn’t show up. Wise
Microsoft was the largest company in the world in 2000, and today it is once again. None of the other 9 companies from the top 10 in 2000 remain there today. $MSFT
Drove around a town in Wisconsin with a medium sized college. It’s immediately obvious how industrial sized landlords have been Buying rentals for decades around the area because cash flow is guaranteed by student loans. Now, the students are gone. It was time for a change.
“There are some studies showing that just opening a window decreases the risk of infection. For example, [there was a study examining] a bus outbreak. And people sitting next to the window were not infected.”
Hey hey,
I just stopped by the service for Jaffer Ali.
I spoke to his cousin and told him how much everyone from Real World Risk loved and appreciated him.
#rwri
Rest In Peace Jaffer 🙏
Saw a short interview with
@nntaleb
talking about how close to a 1980 style bust if crude drops another 10 bucks. We are very close and few are talking about it.
I don't understand how Bloomberg quant talks can have Nassim talk about how fat tails make tools like MPT, mean variance, and factor investing not valid, but then have a "a respected quant" from Blackrock talk about factor investing next.
@EmanuelDerman
@nntaleb
@business
Mark Spitznagel Does Things Differently, And It Certainly Seems To Be Working | The Ticker
Leelanau is near Traverse City. My family has a place about 40 miles away
I’m at cheese festival in Point Loma.
One of the vendors is a speciality bread maker.
He was an engineer before he got
Into bread making. He thought it would be easy for him because it was only a few ingredients.
Took him two years to make anything respectable.
Step out of
hey hey,
Tomorrow at 4pm est, I am hosting a Twitter space with Scott Patterson
@pattersonscott
to discuss his new book "Chaos Kings".
If you are interested in the different methods some of the best traders in the world use to make their fortunes during rare market crashes,
Once you try entrepreneurship, you quickly realize why business school and entrepreneurship gurus are not worth the money. Risk takers can never fully express tacit knowledge.
If innovation brings funding instead of the reverse, have we created the opposite of a healthy system in Venture Capital?
@nntaleb
. It seems that way to me.
'Black Swan' author Nassim Taleb cheered capitalism, championed entrepreneurs, and recommended adapting to the pandemic at the BI Global Trends Festival. Here are his 8 mentioned
@SS_strength
@GrantSSC
🍗Niederhoffer sold some short-term put options for .02 cents, and the market had a tail event that forced him to repurchase the options for 36 dollars! Avoid selling tail puts. 😆
Information might end up being the new smoking.
Initially feels good, but the side effects come later.
Rather than adding info, more time should be spent removing it
"Following several days of long and intensive negotiations on trade, the Malaysian and American ambassadors marked their commitment to each other by sharing a ceremonial piece of coconut cake."😃
A year or so ago I asked
@nntaleb
and
@financequant
why HFs were not performing. They said the alpha doesn’t exist in most strategies. Now we see it with LS strategy blowups. LS hedge funds may never recover.
@nfergus
Two thousand and eight showed the US lacked character. Instead of embarking on a difficult, but necessary restructuring our leaders decided the printing press and public debt were the solution.
Today, we cannot do either much longer.
Future generations should know who to blame
GMOs could be even worse risk than pandemics. Pandemics have existed for thousands of years and some measures can be taken to stop it, but new tech with unknown risks will present even worse problems. GMO's multiplicative.
the amount of money my parents paid for me to go
@VillanovaU
and my brother to go to
@Columbia
was insane and without loans. Hard to swallow student loan foregiveness.