The Derivatives Expert writes:

I just had to withdraw a piece from publication. The copy editor wanted to "improve" the sentences. I pulled it out immediately upon hearing claims that she represented the "general public," with the assumption that she knew what the "general public" needed ? not realizing that she was talking to an empiricist who despises impressions (based on anecdotal evidence) and pompously stated superstitions. There is an expert problem with copy editors particularly when they are self-appointed representatives of the "general public." ("Advice" from book editors reminds me of Warren Buffet's comment about people in limos taking stock tips from people who ride the subway). Fooled by Randomness was not copy edited (with close to 200 typos in the hardcover edition). My next book will not be edited. An edited text is fake. Really fake. It is as shameful as ghostwriting [read more].

One doesn't have to believe in the black swan and the man behind the curtain to find the Expert's website, as messy as it is, dare I say, entertaining. OK, I admit I have been reading it. The text in French and his translation of Plato's passage on apology are highly entertaining. I was very critical of his book, yet he somehow manages to entertain me even despite all his scientific flaws.

I respect a guy who appreciates the writings of Voltaire. Voltaire's Histoire d'un Bon Bramin and Madame du Chatelet's Discours Sur le Bonheur are two well-chosen works, and I have to agree with the expert's recommendations. And I find his ramblings on Socrates and on Greek and French literature more enlightening than his stock market remarks.

Elsewhere on his website, he talks about how book reviewers hurt writers' feelings with bad reviews. I hope I didn't hurt his feelings with my bad rating of his book, but unfortunately I still hold that the book was scientifically flawed and can lead to vast losses in practical, day to day, humdrum trading.

That said, I would highly recommend his website.

Ken Smith adds:

HedgeFundGuy, writing on Mahalanobis, says the Expert "thinks his genius must be unedited and unrefereed."

But poetry need not be submitted to an editor. If edited it would not be an original poem. We do not expect a painting to be changed by an editor. Would a famous expressionist painting be authentic if it were edited? Would an Ayn Rand character submit to editing? 


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