“…Gaussian-bell curve variations face a headwind that makes probabilities drop at a faster and faster rate as you move away from the mean, while ‘scalables,’ or Mandelbrotian variations, do not have such a restriction.”

in Investing, Nassim Nicholas Taleb, Writers

-Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable (New York: Random House, 2007), p. 234.

Leave a Comment

Previous post:

Next post: