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Monday, February 8, 2010

A word on Nassim Taleb

The more and more he opens his mouth, the more and more I find him to be irrelevant. (Not that I ever had high regard for the defeatist mindset of this guy.)

Basically, he called Buffett "lucky" in regards to Buffett's investment success. (article) I mean, that is just annoying.

Buffett created north of $170 BILLION dollars with Berkshire. Let me repeat that, Buffett has overseen his company grow to an enterprise value of $170 BILLION dollars.

So, creating $170Billion in value is potentially considered "lucky" now-a-days?

I am sure Buffett would consider himself the luckiest SOB in the world, but to simplify such an huge achievement and even consider to brand it 'luck', is just asinine.

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