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It was a recurring theme of mine on the old site. Nassim Taleb came into vogue during the pandemic as it was the Black Swan of Black Swans
Just getting the ball rolling ..... we will grind on this in a bit
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Originally posted by PLOL View PostI need to read Thinking Fast & Slow. Some very sharp people have recommended it
story about tortured soul Danny Kahneman paying someone $5,000 to have academics write critical reviews of his manuscript for Thinking Fast and Slow. Kahneman was convinced if it was published it would ruin his career. He was so racked by self doubt.
10:53
I haven’t seen this exact interview but I’ve seen others from this book tour and Lewis is such a grand storyteller ... you may not feel the need to read either book.
I promise you will listen to the end
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I’m in a mood and I think you should suffer as well... thus, I’ll share my thoughts
Degens know that most of your gains occur in narrow windows. Poker, sports, stonks, life. You swap spit for the most part. You hope to stay in the game with, at most, small losses until the big one sets up... this was core to Nassim’s strategy as an options trader. He did okay I’m told, lol.
most people are not wired to accept recurring small losses. most people it has been found prefer a large singular loss emotionally.... I digress, a little
my life-long fascination with the colossal stupidity of casino companies (tip stealing cruise companies too) and the pandemic black swan was a singular good bink for me. Thank you Wynn
in that context, I offer you this fine CNBC article doubting the great one (and Danny Kahneman on bass) from 2009. Lulz. Wonder if the author unexpectedly died of the virus?
https://www.cnbc.com/id/31386309
yeah, that aged well.
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