Transcription of About the author - Emil Kirkegaard
1 About the author assim Nicholas Taleb is the founder of Empirica Capital LLC, a crisis-hunting hedge fund operator, and a fellow at the Courant Institute of Mathematical Sciences of New York University. He has held a variety of derivative trading positions in New York and London and worked as an independent floor trader in Chicago. Taleb was inducted in February 2001 in the Derivatives Strategy Hall of Fame. Taleb received an MBA from the Wharton School and a from University Paris-Dauphine. He is the author of Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley, 1997).
2 BY The Hidden Role of Chance in the Markets and in Life NASSIM NICHOLAS TALEE eg TEXE RE New York London CONTENTS Preface and Acknowledgments xiii Chapter Summaries xvii Prologue 1 Mosques in the Clouds 1 PART I: SOLON'S WARNING - SKEWNESS, ASYMMETRY, INDUCTION 7 One: If You're So Rich Why Aren't You So Smart?
3 11 Nero Tulip 11 Hit by Lightning 11 Temporary Sanity 12 Modus Operandi 14 No Work Ethics 16 There Are Always Secrets 17 John the High-Yield Trader
4 17 An Overpaid Hick 19 viii CONTENTS The Red-Hot Summer 21 Serotonin and Randomness 22 Your Dentist Is Rich, Very Rich - 24 Two.
5 A Bizarre Accounting Method 26 Alternative History 26 Russian Roulette 27 An Even More Vicious Roulette 28 Smooth Peer Relations 29 Salvation Via Aeroflot 30 Solon Visits Regine's Night Club 32 George Will Is No Solon.
6 On Counterintuitive Truths 34 Humiliated in Debates 37 Risk Managers 38 Three: A Mathematical Meditation on History 40 Europlayboy Mathematics 40 The Tools 41 Monte Carlo Mathematics 43
7 Fun in My Attic 45 Making History 45 Zorglubs Crowding the Attic 46 Denigration of History 47 The Stove Is Hot 48 My Solon 50 Distilled Thinking on Your PalmPilot
8 51 Breaking News 51 Shiller Redux 53 Gerontocracy 55 Philostratus in Monte Carlo: On the Difference Between Noise and Information 56 Four.
9 Randomness, Nonsense, and the Scientific Intellectual 60 Randomness and the Verb Reverse Turing Test 60 62 CONTENTS ix The Father of All Pseudothinkers 64 Monte Carlo Poetry 64 Five: Survival of the Least Fit - Can Evolution Be Fooled by Randomness? 68 Carlos the Emerging Markets Wizard 68
