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Monday links: General Mismanagement
Abnormal Returns —
... “One of Nassim [Taleb]’s peculiar strengths is the way in which he refuses to get bogged down in details. If you ask him a specific question, you’re likely to get a very generalized answer.” (Felix Salmon) ...
Links
self-evident —
... has been falling even though the official numbers for industrial production have been rising. Consequently, China’s electricity producers have stopped publishing consumption data.
Swaps and MBS and Vol. Normally, I understand roughly half of what Jansen say. But in this post, I was able to follow not even a single paragraph. If anybody out there can translate to English, maybe with a little tutorial, I would be much obliged.
Economist brains (Baruch via Salmon). Mr. Black Swan himself has started a fund to go short policymakers in general, ...
links for 2009-06-02
Economist's View —
... Administration Is Near a Proposal to Overhaul Financial Rules - NYTimes.com
Understanding Taleb - Felix Salmon ...
links for 2009-06-03
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Jeff Frankel: Telling China to Stop Buying Dollars Now Would Be Even More Foolish Than Before
Felix Salmon: Understanding Taleb
David Beckworth: GDI vs. GDP ...
Wednesday Randoms
Random Roger —
... Felix Salmon did a write up about Nassim Taleb that I missed in writing up my post yesterday. Apparently Felix has spoken to him quite a few times and so has a better handle than most. He said one thing in particular that stuck out which was; ...
Tavakoli really does have issues with Taleb
FT Alphaville —
... in 2002.” In 2003 and 2004 it had low single-digit gains, a period when hedge funds posted average returns of 20% and 9% respectively. The fund’s size was around $375 million when most of the assets were returned to investors. In my query to Taleb, I also asked for confirmation that the fund experienced a voluntary wind-up… more on that later. Taleb did not respond. Considered with his previous coy reply regarding GQ’s mythical $20 billion, I gave up hope of clarification. I enjoy debating philosophy , but debate is no substitute for size of actual gains. I was particularly ...
Taleb Watch
CrossingWallStreet.com —
... I think the world is beginning to catch on to the increasingly tedious Nassim Nicholas Taleb. A few weeks ago, Janet Tavakoli blew the whistle on the claim made in GQ that Taleb “made $20 billion for our clients, half a billion for the Black Swan fund.” Taleb says he was misquoted (Felix comes to his defense). ...
Tired Of The Pumpers? So is Janet Tavakoli
The Market Ticker —
... Taleb asserted the article was about philosophy, and one should ignore the numbers. ...
Janet Tavakoli: Where Were Drama Pundits — Whitney, Taleb and Gasparino — When It Mattered?
The Big Picture —
... I had contacted Taleb about the obvious (to me) error and written that the mistake was not Taleb’s. But silence may be interpreted as endorsement whatever the source of the original error. The error suggested his strategy had proven to be scalable (would apply to large investments), while the fund was attracting new investors. But there is actually no empirical evidence.
Taleb asserted the article was about philosophy, and one should ignore the numbers. ...
