Taleb – Statistics of Violence as Special Case of Fat Tails

Published on Jul 12, 2015

A lunch discussion at MIT with computer science-data science researchers from MIT and NECSI. The talk is mostly about the methodology for dealing with fat tails, with application to violence.
We show which claims can be made, and which ones cannot be made, from data, and “violence has dropped” is not one of them. We do not focus directly on Steven Pinker’s popular science book (owing to some deficiencies), only indirectly as some people in political science made reference to it.
The paper is here: http://arxiv.org/abs/1505.04722

Li Lu’s Four Basic Principles of Value Investing

li Lu valuewalk great value investors BYD charlie munger Warren Buffett Chinese investors concentrated investingLi Lu is undoubtedly one of the most under-appreciated investors. The founder and Chairman of Himalaya Capital Management established his firm in 1997 based on the principles laid out by Benjamin Graham. Lu is a close friend of Charlie Munger and was once thought to be in-line to succeed Warren Buffett as the chief investment Read More