Tail Risk Hedging | Nassim Taleb, The Fed, Macro 'Investing', Faith Based Alpha & Antifragility
Pirates of Finance
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The Importance of Risk in Pricing
I get nervous about thinking that these things are based on fundamental truths of reality when they clearly aren't. I'm almost certain that if there were some sort of I guess platonic truth as to what a share Coca Cola is actually truthfully worth it's not trading there today. To take that to the concept of like the equity risk premium. When I am made in you know private investment opportunities and someone says here's sort of where we're growing and here's how much of the company you can buy. And here's the current valuation. It's wrong no matter what I'm investing in like the price is wrong. It's just hopefully directionally with enough margin of safety that me
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