Who writes this stuff? I got this random page:QuoteNassim Nicholas Taleb works at the intersection of theory and practice. He started his career as a trader (including the Chicago pits) and subsequently became involved in the unique combination of applied research and trading. Nassim Nicholas TalebNassim is the Dean's Professor in the Sciences of Uncertainty at the Isenberg School of Management, University of Massachusetts, Amherst, the founder of Empirica LLC, and runs a multi-manager option arbitrage fund in New York. Previously he lectured at the Courant Institute of Mathematical Sciences of New York University about the limits of derivative models since 1999. Dr Taleb held trading positions with major derivative houses (CSFB, UBS, Paribas, Bankers Trust among others) and worked independently on the floor of the Chicago exchanges. His education includes an MBA from Wharton and a PhD from University Paris-Dauphine. He was inducted into the Derivatives Strategy Hall of Fame in 2001. Dr Taleb is the author of Dynamic Hedging (Wiley, 1997), and Fooled by Randomness (Random House, 2nd ed.). Fooled by Randomness, a steady bestseller, has been published in 19 languages.This creates the false impression that Taleb "worked his way up from the trading pits starting as a runner." Or that, unlike whoever wrote this, he even knows the first thing about "the Chicago exchanges" which he doesn't. I guess the writer and Taleb have lot in common. So far as I can guess, Taleb visited the CME late in life as a research project, when he suddenly became the first quant to suspect that that normal distribution might simply be a model. But then he quickly left when he realized his ideas make more money in books than in actual trading. One or two passages in "Dynamic Hedging" led me to believe he has no idea what went on there. Why not just write "the CME" instead of "the Chicago exchanges?" It's not like he traded futures anyway. I'll write my own wiki:QuoteNassim Taleb shuttered his fund over the protests of competing bidders, eager to provide this valuable service to investors in his absence, admitting he was just too lazy to bother with such trite activities.
Last edited by farmer
on October 29th, 2006, 11:00 pm, edited 1 time in total.