Do not miss this opportunity! I attended #RWRI15 & i cannot recommend this workshop enough. Be prepared for the Mediterranean way of learning & teaching, have ready 2-3 pens & a notebook to write down notes relentlessly, & enjoy a rare scholarly experience. #RWRI
During #RWRI15 and in the socials it was quite apparent that Marco had a chip on his shoulder. His ego is directly proportional to the price of Bitcoin.
if there's one thing that stuck with me during #rwri15 is the idea of prediction during @normonics's session, its not possible (esp for complex systems), you dont need to predict
what you need to do is understand the characteristics of the domain you're in and that is enough
I addressed this case during my session for @nntaleb#RWRI15 class. I think it’s one of the most underestimated systemic processes right now as the great powers are once again in a situation of a competition over connectivity & infrastructure just like in the years prior to WWI.
Felix Somary predicted WW1 when the great powers at the time objected to the building of a balkan railway. Something like this would have been resolved uneventfully. It turned into a major issue. Nordstream 2 today?
Amazing coincidence and blatant example of fat tail risk!!in your wonderful presentation at rwri15 you discussed the world choke points and suez canal was a major one. When i read about it i went back to my notes and found out i triple underlined choke points.
Absolutely! I even did a presentation on Mackinder/Spykman and realpolitik for #RWRI15 at the kind invitation of @nntaleb last week so now the whole class is aware with the situation about the #Suez channel and the global choke points. #RWRI
Completed #RWRI15. Excellent lectures by Nassim Nicholas Taleb and his associates from Real World Risk Institute. Two weeks of fun and learning.
Am I prepared for the next #blackswans? Do I have enough #skininthegame? Only time will tell. Now is the time…lnkd.in/eUk-sYp
Seeing the world in a new light after a great 2 weeks of #RWRI (Real World Risk Institute)
Sharing some nuggets of wisdom I picked up from @nntaleb@normonics@financequant & others:
1. Strive for Convexity and optionality- limited downside and exponential upside..
This was the RWRI10 I attended in February 2019 before Covid-19. Best time ever!
#RWRI15, which took place via Zoom during the last two weeks, was amazing too!
I strongly recommend you to attend it. #RWRI
#RWRI#RWRI15
Has ended but I will need some weeks to process.
For example I've been thinking a lot on @ghchammas lekture about Babilonian finance, most interesting
RT "RT @joonya__: Nassim: My publisher in New York is Random House
Raphael: Well you were never going to go with Deterministic House were you
#RWRI#RWRI15"
Senior Chinese diplomat Yang Jiechi on #Alaska meeting - We thought too well of the United States. We thought the U.S. would follow by the necessary diplomatic protocol. The U.S. has no qualification to speak to China "from a position of strength."
JP Morgan : "Le bitcoin est là pour rester"
Deutsche Bank : "Le bitcoin est trop gros pour être ignoré"
Goldman Sachs : "Nous avons atteint un point de non-retour"
There's one thing I know: point estimates essentially mean nothing. Expected value of Extremistan variables has no useful information.
#DistributionMatters.
#RWRI#RWRI15