Mandelbrot + Taleb + Spitznagel=$1 billionUSD in < 24 hours

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slave
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30 Aug 2015, 2:38 pm

With returns of over %100 during the 2008 GEC, and making $1 billion USD on Black Monday(24 Aug 2015) it shouldn't surprise anyone that Mark Spitznagel gets noticed.

Spitznagel has oft been called the world greatest bear for his uber-perma-bear views of current markets. He has a long term association with Nassim Taleb who made at least 35 million on Black Friday in 1987 and who is the famed author of The Black Swan.

What some may not know is that Taleb had a long-term friendship with the Venerable Benoit Mandelbrot of Fractal-fame and that much of the Maths that Taleb and Spitznagel use, they learned from Mandelbrot.

This is what Spitznagel does~~~ https://www.youtube.com/watch?v=LyGtiiGBEc8 obviously greatly simplified.

Here is Benoit and Nassim in 2008~~~ https://www.youtube.com/watch?v=DLFkQdiXPbo

Here is a brief piece of Taleb's perspective~~~ https://www.youtube.com/watch?v=3e6UKCJt-g8
and his work on anti-fragility~~~ https://www.youtube.com/watch?v=S3REdLZ8Xis

Enjoy.

Earthling
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30 Aug 2015, 6:07 pm

OFF-TOPIC
I like where Nassim Nicholas Taleb says he doesn't closely listen to reporters' questions, and answers randomly.
https://www.youtube.com/watch?v=3e6UKCJt-g8 around 9:00
Something I wanna try in normal conversation.

slave
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30 Aug 2015, 7:56 pm

Earthling wrote:

Hey, why not, politicians do it all the time and no one seems to care. :lol:

Earthling
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30 Aug 2015, 10:36 pm

I enjoyed this, especially the talk about fragility and Seneca. Thanks for sharing. :thumleft:

Another quote, he said (something like this, I'm lazy to search for it again, you'll get the point) the only way to know you are not a machine, that you are alive, is if you like variability.
Now this is just something a human said, might be right, might be wrong, but I wanna be cheeky and apply it to people.
I wonder what that means for people who have a steady routine and don't like change, hmm... :mrgreen:

slave
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31 Aug 2015, 1:07 am

Earthling wrote:

I enjoyed this, especially the talk about fragility and Seneca. Thanks for sharing. :thumleft:

Another quote, he said (something like this, I'm lazy to search for it again, you'll get the point) the only way to know you are not a machine, that you are alive, is if you like variability.
Now this is just something a human said, might be right, might be wrong, but I wanna be cheeky and apply it to people.
I wonder what that means for people who have a steady routine and don't like change, hmm... :mrgreen:

I'm pleased you enjoyed it.
He can be quite scholarly at times.

Rudin
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01 Sep 2015, 11:24 am

I didn't know Mandelbrot was still alive, I thought he died.

He was responsible for the iteration that, when plotted, yielded my favourite fractal picture.

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"God may not play dice with the universe, but something strange is going on with prime numbers."

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slave
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01 Sep 2015, 2:39 pm

Rudin wrote:

I didn't know Mandelbrot was still alive, I thought he died.

He was responsible for the iteration that, when plotted, yielded my favourite fractal picture.

He is deceased.
We lost a truly great man when he died.
I know a man who was close to him.
Kind, gentle, fiercely brilliant, non-conformist, generous with his time, etc...
One of the greatest minds of that century imo.

When I learned what he taught it forever changed my view of the entire Universe.

Rudin
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01 Sep 2015, 2:46 pm

slave wrote:

Rudin wrote:

I didn't know Mandelbrot was still alive, I thought he died.

He was responsible for the iteration that, when plotted, yielded my favourite fractal picture.

Oh, I was right then. He was a great man and he changed history for sure.

I like the picture above.

slave
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01 Sep 2015, 7:16 pm

Hey Rudin :!: :!: :!:

I sent that to Dr. Mandelbrot's friend and he LOVED it!! !! !

He(and I) now have it as a desktop background pic. :nerdy: :nerdy: :nerdy: :nerdy: :nerdy:

Thanks to you :!:

Rudin
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01 Sep 2015, 7:52 pm

slave wrote:

Hey Rudin

I sent that to Dr. Mandelbrot's friend and he LOVED it!! ! ! !

He(and I) now have it as a desktop background pic. :nerdy:

Thanks to you :!:

You're welcome. I found it while perusing Google Images for pictures of Benoit Mandlebrot, I really enjoyed it when I saw it and wanted to share it with the rest of the world.

slave
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01 Sep 2015, 7:55 pm

Rudin wrote:

slave wrote:

Hey Rudin

I sent that to Dr. Mandelbrot's friend and he LOVED it!! ! ! !

He(and I) now have it as a desktop background pic. :nerdy:

Thanks to you :!:

You're welcome. I found it while perusing Google Images for pictures of Benoit Mandlebrot, I really enjoyed it when I saw it and wanted to share it with the rest of the world.

kewl!
I'm glad you did

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