It has some interesting things, but I think he pushes his arguments a bit too far, and because he is an entertaining writer, the general public doesn't know the counterarguments to the points he makes in his book. Namely..... read more
I was asked to answer this question; even though I am not a quant, I think I can point in the right direction though: Emanuel Derman is a self-proclaimed Quant who has a high opinion on Nassim Taleb, they have even collaborated in the past. read more
Taleb: Without looking at the data -- that's best way you could do it, is to test it -- yes. For the following reason: Think of Google. Assuming Google stays like it currently is -- Google may innovate and might start making cars and have a second life -- but think of the company that has 90% of the market. read more