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Then again, Taleb has little to no respect for most professional investors.

He has tremendous respect for professional investors that understand risk, which is a small minority. He speaks very highly of Soros's investment record.

Not sure I interpret it the same way. Wouldn't this advice heavily/completely discount/ignore the written words associated with the portfolio?

I think that's the point.

(I'm not sure whether I agree with the point, but I think that is the point Taleb was making.)

Only if it going to actually hurt to lose it... when did these guys every really get hurt... they hedge their bets exactly so they never put themselves in a position to literally loose their house(s).

Or in other words, they are sensible