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Nassim Taleb & Benoit Mandelbrot Interview: BM Looks Exactly Like Gothmog!

Posted by Timothy Sykes on Sat 3rd of Jan, 2009 09:35:57 AM
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So the stock market is looking strong/weak–depending on your desired holding period–and everybody is trying to figure out the economy…

Now I have no economic forecasting skills/knowledge whatsoever–which probly means I’m the smartest economist in the world (figure it out)–so I rely on others for these fun guessing games.

Obviously I prefer smart guys who have actually made a ton of money off their forecasting skills rather than all the academics in the world whose attitudes stem from intimidating-sounding degrees rather than any great boatload of battle-test profits. (yeahhhhh, financial education/teaching/knowledge is complete crap, similar to scientific knowledge during the Middle Ages…which brings up an interesting idea: maybe we should tar and feather or at least burn those alive who speak and speak and speak and incite crowds even though they can’t back up anything they say, kinda like most heretics aka let’s get all Catholic Church on their asses…who’s with me?)

Strange ranting aside, here’s Nassim Taleb, writer of THIS awesome must read book and his old ass math mentor, Benoit Mandelbrot (who you can’t tell me doesn’t kinda resemble that bad Orc leader in the third–and best–Lord Of The Rings Movie:

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  • Closing Shop?
    Did you and shannon lose soo much in 2008 from trading that his website will shut down the day after the seminar? I guess real traders don't have to show results. you say 99% are frauds. so if you don't show results, i guess you are in the 1%. I can't wait until the SEC sues you for false advertising -- you guaranteed shannon makes money in order to sell your seminar. Prove it over the last 5 years!! Why do you think you guys sell DVD, books, etc....because you suck at trading. you both worry more about web hits than making money trading. horrible. snake oil.
  • WTF r u talking about? take your ritalin dude and stay off my site....no false advertising whatsoever, i detail all my results and shannon donest...to each his own..the guy still is a great teacher and thats why we'd do a seminar together, not that we're probly even going to because u poor bastards arent worth our precious time
  • and PS i might not be th ebst trader--which doesnt matter at all since the best traders are the weirdest people with the worst lives u'll ever meet--but my 200%+ return last year nullifies the attacks of everyone, bring on 2009, ant wait to dominate this joke of an industry even more
  • i dont even have to spell right, u're should eb honored by my commenting on your pathetic excuse for an existence u little internet troll
  • Uni
    Tim, just disable the comments. Get it over and done with. Let them vent in the forums. Same stuff is repeated in all the blog comments over and over and over and over and over and over again!
  • nah the comments are good, i have nothing to fear/hide, let the idiots prove themselves the names i call them...helps show what kind of morons this industry has and why its so easy to outperform and take the dumb people's $
  • am i really the only one who knows who gothmog is?
  • Scott
  • I have read Taleb's first book twice and have not had the nerve to read the swan book. If this Tube is remotely true, I need to get out of the business and sweep up seaweed in Jamaica. Which reminds me of the post that the Jam Bank did I think in 9/23, "Why don't you all just cool out."
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See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

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Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

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TIM Trades

View All
Date Stock Buy Sell Net
Nov 19 AENY $2.80 $3.02 $1148
Nov 18 NLST $4.16 $4.40 $947
Nov 18 IMGG $1.42 $1.64 $2094
Nov 17 NLST $5.04 $5.59 $2195
Nov 13 VRMLQ $21.50 $22.97 $2901
Nov 11 EONC $2.61 $2.80 $687
Nov 10 EONC $2.74 $3.36 $9784
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $98,094 (681%)