From Banker to Billionaire: Nassim Taleb's Journey to Financial Freedom
Black Swan Mastermind
Nassim Nicholas Taleb is one of those individuals who radically changed my understanding of the world. I acknowledge this may be highly personal, but I believe his philosophy is a sound approach to living in 99% of situations.
Many argue that it's about playing not to win, which ultimately leads to loss. However, I disagree and wish to show you why.
First off, who is Taleb? Taleb is a Lebanese investor, mathematician, and philosopher. In the investment world, we see that top positions are often filled with 1) MBAs; 2) People who have studied economics. This results in actions from the upper echelons being purely academic.
This is where great mathematicians come into play, attempting to explain that the system is flawed. We have notable examples:
Jim Simmons: the father of quantitative investing. He is famous for creating a fund capable of compounding at 60% annually. He was able to identify significant mathematical inefficiencies in the economy. Starting with commodities, h…