I am wondering if you have a lot invested in concepts and techniques that Mr Taleb is suggesting are broken. There is certainly a tone of defensiveness about your post.
I think it is still unexplained why the financial community is sticking to things that are known to be broken. It is like trying to use newtonian mechanics to describe chaotic phenomena. Standard deviation does not properly describe fractal stuff.
Feels like the industry is looking for the lost set of keys on a dark street, not where they were last seen but rather under the lamptpost, cause that is where the light is.
I think it is still unexplained why the financial community is sticking to things that are known to be broken. It is like trying to use newtonian mechanics to describe chaotic phenomena. Standard deviation does not properly describe fractal stuff.
Feels like the industry is looking for the lost set of keys on a dark street, not where they were last seen but rather under the lamptpost, cause that is where the light is.