Tail Risk Hedging | Nassim Taleb, The Fed, Macro 'Investing', Faith Based Alpha & Antifragility
Pirates of Finance
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The Differentiator Response to the Fed Reaction Function
I love that in your whole statement I love how you had an entire conversation with me in that statement. There's this idea to me that even if the fed the feds input to the system is random. It doesn't have the impact we think it does our understanding of macroeconomics is entirely wrong. Does it ultimately matter if everyone believes that they have an impact in a certain direction with their actions and therefore changes their behavior in a way that causes that impact within markets? And so to your point like we've got to have like a some sort of drinking game for like how much we bring up gelman amnesia and stuff such as that. The Keynesian beauty contest right of like.
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