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Only fools optimize, since a simple model error can blow through their capital
Drawn from what Nassim Nicholas Taleb said
What Nassim Nicholas Taleb actually said
- Nassim Nicholas Taleb Former option trader and risk analyst
Only fools (such as Banks) optimize, not realizing that a simple model error can blow through their capital (as it just did).
Where this was said
↗The Fourth Quadrant: A Map of the Limits of Statistics (Edge, 2008)edge.org
All 8 korrents from this piecethis one is 6th
Added to korrents 3 Oct 2026 · How quotes work · Something wrong? Tell us
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