Nassim Nicholas Taleb: "you should study risk taking, not risk management"

@nntaleb in chess, risk (sacrifice) isn't recklessness, it’s informed courage. It's strategy's sharpest blade: anticipate the unseen lines, calculate the cost, yield material today to seize the initiative and move decisively ahead tomorrow. Boldness wins where caution dies. ♟️

skin in the game, always.

@lukeburgis so precise. Risk Mymt is separated out from decision making by non-risk takers

This is a clear signal from the smartest and most embedded wealth among us. The recent rush to derisk is compressing their margins as edge shifts to retail. The high vol signal they're trying to capture is shrinking under their own feet. 🏛️ 🔻 💥

An old indian movie monolog used to me Mr X doesnt take risk, he gives. X because i forgot his name and the guy was talking about himself.

does he get paid in empanadas

👏

Who's going to teach us? Cannot be commoditized, risk taking is the epitome of skin in the game

This is the opposite of the truth of a patriarch. Risk taking is for the dying. Hail Marys are for the desperate

All those books and articles on risk management doesn’t apply anymore ? 😭

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Don't take risks, because managing them is not possible.

I remember when this fucktard said Bitcoin will fail

agree

😂

You should study engineering and economics.

Taleb is a bullshiting fraud

@HeyGenLabs spanish

@JDB_trading

Like Pax says, manage profits

@JDB_trading skin in the game!

Isn't that the problem with retail traders? They don't have a risk manager to tell them when to chill out and lighten up exposure?