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Nice article on Risk-Taking & Rationality by Taleb


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Reminds me of the Buffett talk on Long Term Capital Management.  (Hilarious that they called it "Long term")


If Warren Buffett ever writes a book it will be called: "Why smart people do dumb things" Buffett 'couldn't imaging an equation where it made sense'.


So start watching at the 15:55 minute mark:


Warren Buffett speaks with Florida University



or start watching at about 3 minute mark


Warren Buffet y LTCM Inversion 2/9


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