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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.

Instead, go directly to the linked paper.

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