The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments

URL:  http://boards.fool.com/ot-taleb-on-risk-30602055.aspx

Subject:  OT: Taleb on Risk Date:  3/22/2013  12:04 PM
Author:  globalist2013 Number:  34837 of 35576

Santoli’s summary of Taleb’s critique of modern finance should be skipped if you’re already familiar with the arguments. http://finance.yahoo.com/blogs/michael-santoli/gold-not-anti...

Instead, go directly to the linked paper. https://docs.google.com/file/d/0B_31K_MP92hURjZxTkxUTFZnMVk/...

Even if you got no further than high-school algebra (but do have some stats background), Taleb’s math isn’t hard to understand if you just slow down and look at it, one equation, one graph, at a time. The reason for doing so is this. Modern Portfolio Theory is nonsense that will get you into trouble. For the s