Friday, October 17, 2008

Black Swan author pwninates the market


Black Swan author Nicholas Taleb totally pwns market check it below.
Far out of the money puts and calls clip the chubby tails of the unknown.
Market Swan Dive is Bling Bling for Black Swan guy

"We refused to touch credit default swaps,'' Taleb said. ``It would be like buying insurance on the Titanic from someone on the Titanic."

"Investors advised by ``Black Swan'' author Nassim Taleb have gained 50 percent or more this year as his strategies for navigating big swings in share prices paid off amid the worst stock market in seven decades."

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