But surely Taleb isn’t saying “no model is good enough.”
Actually, yes, he is. He is not terribly consistent, but when he goes into his “philosopher” mode he rants against all models.
In fact, his trademark concept of a black swan is precisely what no model can predict.
Actually, yes, he is. He is not terribly consistent, but when he goes into his “philosopher” mode he rants against all models.
In fact, his trademark concept of a black swan is precisely what no model can predict.