Nassim Taleb: How Frequent The Profit Is Irrelevant; It Is The Magnitude Of The Outcome That Counts

Johnny HopkinsInvesting Strategy, Nassim TalebLeave a Comment

Here’s a great investing lesson by Nassim Taleb from his book Fooled by Randomness. Similarly to Michael Mauboussin in this article, Taleb makes the point that it’s not how frequently you profit from your investments that important, it’s the magnitude of the outcome that counts. Here’s an excerpt from the book: The general press floods us with concepts like bullish and … Read More

Marks on Taleb And The Self Inflicted Anxiety That Investors Create For Themselves

Johnny HopkinsHoward Marks, Nassim TalebLeave a Comment

One of the best books ever written on investing is – Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, by Nassim Taleb. Howard Marks recommended the book in this interview with 5 Good Questions, saying: “I like the book Fooled by Randomness by Nassim Nicholas Taleb. I think it’s got some very very valuable ideas. Dealing … Read More