Nassim Nicholas Taleb on CNBC
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@pretorious700 I'm not very impressed at all. Since he has an accent and is sometimes barely understandable, he says almost nothing and it has been said before in loads recently, but he gets credit for hipsterness love. The system is over leveraged so large changes can occur quickly. Reduce leverage (stop extreme risk gambling), increase capital (money not in high risk gambling), (CASH IN THE BANK). It's all 3rd grade obvious shit we all heard a 1,000 times since the crash.
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Nassim Taleb is very intelligent, but a sea sponge would look smart next to these two nitwits.
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Skills of specialists, if they seem really skilled, are rarely put to the test (rarely meet a black swan)... that's why Toyota engineers were too OVERCONFIDENT, forgetting about the interior pedal design. That's why programmers "go for goal"- in a quick and dirty manner, releasing buggy versions af an app. That's why borkers trust their prognosis. That's why journalists have a big mouth. There is no quality done efficiently. Our wealth is mostly fake ... a bubble.
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GREAT VIDEO! Thanks for sharing!
Happy Trading!
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somebody call tony soprano!
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wow
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American "news" channels...ugh.
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omg. Just stfu and let the man talk! These reporters suck!
2 years ago 4
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Because it was written before the last year in the market.
2 years ago 4
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I can't believe how stupid those two are.
missclimpson 2 years ago 12
i want to smack that dumb journalist.
M60B4008 2 years ago 7