The Clerks’ Betrayal

I ended Chapter 1 with the stock market crash of 1987, which allowed me to aggressively pursue my Black Swan idea. Right after the crash, when I stated that those using sigmas (i.e., standard deviations) as a measure of the degree of risk and randomness were charlatans, everyone agreed with me. ...

 

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Editor: taphuong

 

www.pomdy.com/book/the-black-swan/part-three-those-gray-s...

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