I wonder if Matt can offer any bloggings strategies

The other thing I've noticed about this, however, has been the sad, albeit understandable, tendency of these kind of media outlets to respond to the fact that their old gurus all turned out to be full of shit by attempting to anoint some "new gurus."

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He argued that risk models were inherently flawed; they systematically neglected the possibility of blowups and then were used to argue that investments strategies based on the impossibility of a blowup were safe.

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