Re: Interesting article on Black Swans/Nassim Taleb
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This was a good read. Do you, or does anybody, have a follow-up to this story since this article is 5 years old? How is Empirica doing?
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His fund basically went out of business since he wrote Fooled by Randomness. [He likely still manage family and friend money there]
Everyone said 'He's right, start buying vol' and his alpha opportunities went to zero. Plus it's an easy strategy to replicate.
Same mistake Doyle made with SS1.
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