His point is that the upside is bounded much more than the downside.
Yes, but my point is that this is also true for, say, leaving the house to have fun.
This is not always true (as Taleb himself points out in The Black Swan): in investing the worst that can happen is you loss all of your principle, the best that can happen is unbounded.
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His point is that the upside is bounded much more than the downside.
Yes, but my point is that this is also true for, say, leaving the house to have fun.
This is not always true (as Taleb himself points out in The Black Swan): in investing the worst that can happen is you loss all of your principle, the best that can happen is unbounded.