Nassim Taleb /// He is single handedly dismantling mathematical theory that has held sway for two centuries. His book, Fooled by Randomness, has sold a staggering 280 000 copies. In it Taleb uses facts to blast the way apparent experts ignore extreme events to compile investment portfolio theories. Target of his ridicule is Carl Friedrich Gauss, regarded by most academics as a mathematics genius ranking alongside Archimedes and Isaac Newton.
Taleb only half-jokingly suggests Gausss disciples should be jailed for the crimes they have committed on the rest of us. He describes some of the worlds pre-eminent economists as frauds and refers to their followers as retards and morons.
Example: 10 trading days have given 63% of S&P 500 returns over last 50 years.
Taleb only half-jokingly suggests Gausss disciples should be jailed for the crimes they have committed on the rest of us. He describes some of the worlds pre-eminent economists as frauds and refers to their followers as retards and morons.
Example: 10 trading days have given 63% of S&P 500 returns over last 50 years.
