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Nice article on Risk-Taking & Rationality by Taleb


scorpioncapital

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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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