Earlier this week I had the opportunity to attend a workshop about the foundations of risk and risk estimation from Nassim Taleb. For those that don’t know Nassim he is the author of a number of books including ‘The Black Swan’, and is an options trader, mathematician, and general purveyor of the fundamentals.
Taleb’s approach is to use fundamental math to explore what outcomes are possible. The techniques are straightforward, the simulations helpful, and the outcomes slightly unexpected.
The actual ‘teaching’ at the workshop was chaotic, but the underlying concepts were easy to understand, especially if you read his books first.
It was also my first chance to hang out with my friend Paul (and his wife Joanna). I have known Paul on FB for many years, but this was the first time we were able to meet face to face. Not surprising he was exactly as I expected.. he is intellectual curious across a board spectrum of the fields of the world, thoughtfully and contemplative about what drives things, and fantastic at explaining how a theory applies to a real world scenario.
Over the years I have been on FB I have been surprised so many times by people posting that they ‘need to give up Facebook’ because it is causing so much stress, harm, or some other detrimental outcome. Facebook has been nothing but an incredible asset for me. It allows me to meet people I would have otherwise not met and stay in contact with friends, neighbors, and people I may never meet in real life. Like the gun, the knife, and the pen, it is a tool that can be used or misused. It is your choice. Really.