He is super, a super-liar!

the Manhattan federal court house in New York January 14, 2009. …

BOSTON (Reuters) – Bernie Madoff’s investment fund may never have executed a single trade, industry officials say, suggesting detailed statements mailed to investors each month may have been an elaborate mirage in a $50 billion fraud.

Nassim Nicholas Taleb的觀點

via Edge: THE FOURTH QUADRANT: A MAP OF THE LIMITS OF STATISTICS By Nassim Nicholas Taleb.

黑天鵝一書的作者Nassim Nicholas Taleb特別鍾情於偶然性這個元素, 最近發生的金融海嘯似乎又引證了他的理論. 他強調我們自以為生活在一個有恒定規律主宰著的世界, 但偏偏是那些難以預料的因素造就了我們的命運. 非常欽佩他深厚的理論基礎與及敢於挑戰權威的勇氣, 同時, 又具有啟蒙式的幽默感.

Why AIG fails?

AIG’s complex investment strategy is to blame for her fall.

more about “American International Group. AIG Fig…“, posted with vodpod