Nicholas Taleb at his best! Wednesday, October 15, 2008
Posted by ei-forum in Investing.trackback
We have talked about Mr. Taleb in the past and have even reviewed his book ‘Fooled by Randomness’ (read post – here).
Nicholas Taleb has a reputation for having little patience when dealing with people who do not really know what they are talking about and being extremely passionate too! This is a segment of a show he was recently on when he tries to get his message across… trying to explain why we find ourselves in the current situation, the effect of leverage, complicated models, risk exposure, etc…
at his best!
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I’m a fellow admirer of Taleb.
I recently featured Taleb speaking out in frustration against the economic and banking establishment, also joined by his mentor: Benoit Mandelbrot. Their statements about rapid crashes has striking correspondence with Jared Diamond’s observations about societal collapse.