You must be extremely new to finance to refuse to accept that Sam Bankman-Fried is as criminal as Bernie Madoff.
Quote of @dantypo
The second best best argument against losing weight (tripes, kebbe w/citrus-tahini sauce, & squid ink being the first).

Note: in a bar fight, nobody fights you "as a percentage of weight".
This is honestly what has to be done.
Don’t call cops.
Just don’t put up with it.
Quote of @pksivasubraman1
Thanks for coming and please STOP callling me maestro.
Listening to the maestro @nntaleb on Global Technical Incerto Reading Club.
Quote of @nntaleb
Cambaceres is a curious individual. He is the author of the Napoleonic code (Code civil), but cared about food, not power; he had 2x a week a dinner party for ~20 people serving 36 dishes.
Reply to @nntaleb
I am tired of *verbalisms* thrown at me with concepts such as "freedom of expression", "democracy", etc.
Idiots *think* in labels.
Turns out the constitution has a variant of the Gödel-Popper rule.Note that the name "Gödel-Popper rule" is something I put together to merge Popper's paradox of tolerance and Gödel's naturalization's anecdote, see Skin in the Game.
One problem w/info:
100 clinical studies show X.
1 (bogus) paper claims nonX.
That paper will spread on Twitter & the person behind it will be on Joe Rogan. Conspiracy theories spread on Twitter. And 1000s will die because of the bogus result.
The incentive is to go for bogus!
Sam Bankman-Freed is incapable of moving his lips without incriminating himself.
Quote of @mattyglesias
An example of clueless reasoning, makes claims from a simplistic one-dimensional equation with comparative statics, no interactions, etc.
Quote of @mikekarnj
Absolutely — but note that happiness scaling linearly with the *log* of income means there are large gains from redistribution.
BS: "Happiness doesn't increase above $75,000"

Truth: "Well-being rises linearly with log income (and doesn't reach a plateau)"
Banning Trump after Jan 6 is entirely compatible with the foundations of democracy, even necessary. By the Gödel-Popper rule, a democracy should never give its tools to those who want to thwart it.
Quote of @Brian_Stoffel_
I cannot comment on "fee speech with respect to Twitter" to Elon Musk, owner of Twitter, since he blocked me on Twitter*.

*In not very flattering circumstances for a "visionary": he did not believe, in March 2020, that Covid was a serious thing.
Quote of @mcuban Reply to @Brian_Stoffel_
We need a word for this maneuver. Any suggestions @nntaleb? @mcuban did a great job expressing similar point
Come on @elonmusk We all know what free speech re the gov is because we can read the 1st Amendment and any related case law. We have no idea what Free Speech on Twitter is because you are judge and jury. There is no transparency. When do we see the @Twitter Bill of Rights ?

**Purposely** confusing (factual) NOISE with (false) SIGNAL

🎧NOISE = Big Tech has liberal bias, Apple has questionable data privacy history (both IMO true)

🚨SIGNAL = Not advertising with us can ONLY mean you hate free speech (false)
Quote of @birdxi1988
"Tail Risk of Contagious Diseases" (2020, Nature Physics) is with @DrCirillo. It basically shows why one should NEVER predict local properties of pandemics.

Since Xi discussed "black swans" all the fat tails papers have been studied in China, plus >1M books sold.
Students are presenting Tail risk of contagious diseases ( term project) by @nntaleb and it’s surprisingly good.
Quote of @lukeburgis
Luke @lukeburgis was one of the first person to figure me out, so I assume he can also figure out other things as well.
Wanting was named 2021 Book of the Year by @AleoReview. I gave a brief interview. When asked what authors I drew inspiration from, Taleb came easily to mind. He invented an anti-genre of non-fiction that doesn’t conform to any particular ‘style’ other than that of its author.
Quote of @SrinivasR1729
Integral Du Jour
A marvelous integral involving the floor function with a nice radical closed form. Curious isn't it?
#math #mathematics #maths #Weekend
Two types of criticism:

1 (good faith) You don't like someone's specific arguments or behavior, hence produce directed criticism related to the initial trigger.

2 (bad faith) You dislike someone, so keep looking at stuff to criticize *unrelated* to the original reason.
I am Persian to my enemies, Greek to my friends, Christian to strangers, and Roman to myself.
Disclaimer: Headlines are misquoting me on $COIN Coinbase. I said nothing abt their holdings & risks of blowup, no analogy to FTC. My point is that they are cash-flow negative, w/a grisly future (even if crypto come back) & OWNERS have been getting out. The company is worthless.
The problem of naming something mundane (a commercial street, hedge fund, or insurance company) after a glorified name (a saint, Greek god, etc.) is that, after a while, as by a steady corrosion, the glorified turns into the mundane.
Quote of @VitalikButerin
As Yogi Berra would say: "You can't tell them if they don't know."
Question for people who argue that reading long-form books is virtuous or even necessary:

Are podcasts an acceptable substitute? If not, why not, and what even is the difference between a podcast and an audiobook?

(I frequently listen to both)
Movetodon follows don't seem to stick.
Quote of @ProfFeynman
To whoever compiled this (it has been viral for years); this is NOT the Black-Scholes option equation, but the Fokker-Plank and/or Kolmogorov Forward Equation. Some respect for real authors!

It's like calling pizza a Korean dish bec someone ignorant ate it at the airport there.
17 Equations that changed the world. 🧠
Quote of @nntaleb
What got me into aerobic workouts ~9h/week, is the literatures on 1) cardiac hypertrophy, 2) aortic stiffness, 3) metabolic correlates of self-repair disorders (arthritis, @hjluks), plus the desire to consume squid ink, tripes, kebbe, & Musar wine with impunity.

h/t @DrDamluji
Reply to @hjluks
@hjluks So far this year.
30 minute warmups work well at my age 😂
Why Crypto does not have "liquidity" crisis; it has a crisis. Why?

No cash flow.

NonPonzi Invts must have >(now) 5% stream of cash flow. For a long term investor, the mkt price is not a big deal if the company generates cash [paid in div. or retained as assets].
OK, The new book is turning to be vastly more general than I thought.
Allora: a New Title: "Fallacies".
Polite for "Recollections of an active BS Busting mission 2018-2023".
Quote of @Austen
First order shoddy journalism: Business Insider *openly* don't care about any remotely faithful representation of reality. They need an excuse to get your click.

Second order shoddy journ: bias in representation via cherry picking, found in mainstream media.

h/t @NonMeek
Business Insider openly admitting that they don’t care (or check) whether what they’re publishing is true or not because they said “reportedly” in the headline
My posts show both on Mastodon and Twitter.

Breaking news

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