Interesting article. But as an academic, I don't recognize the points of view that he purports academics have. Thus, I can only conclude that he is operating off a flawed caricature of academics.
Seems like a common misconception that market participants have about academics (#1322989)
Academics live in a world where being 'right' means publishing, not profiting. Traders live where being right pays the bills. The edge exists until it doesn't scale.
Interesting article. But as an academic, I don't recognize the points of view that he purports academics have. Thus, I can only conclude that he is operating off a flawed caricature of academics.
Seems like a common misconception that market participants have about academics (#1322989)
Academics live in a world where being 'right' means publishing, not profiting. Traders live where being right pays the bills. The edge exists until it doesn't scale.
fucking baaaanger of a piece. Good find. Tawk, all tawk, Taleb used to say
Because efficient market theory doesn't pay the bills when black swans show up every few years