Complete video at: http://fora.tv/2009/08/18/D...
The Black Swan author Nassim Nicholas Taleb addresses the financial missteps of the Obama administration. "The problem we have in America is that ...
The Black Swan author Nassim Nicholas Taleb addresses the financial missteps of the Obama administration. "The problem we have in America is that nobody has addressed the fundamental error." He emphasizes over-reliance on forecasts as the root of the problem.
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Nassim Taleb is the best-selling author of Fooled By Randomness and The Black Swan: The Impact of the Highly Improbable. So called 'Black Swan Events' are climactic, random and hard-to-predict events that have been entirely unexpected, and often hitherto perceived to be impossible.
At this breakfast event chaired by Danny Finkelstein, Comment Editor of the Times, Nassim Taleb explains the relevance of his ideas to the economic crisis, and argue for measures to create a more Black Swan-robust society. David Cameron responds and takes part in a discussion with the audience.
Nassim Nicholas Taleb is an essayist, belletrist, and researcher.
Taleb is currently a researcher at London Business School. He the Deans Professor in the Sciences of Uncertainty University of Massachusetts at Amherst, Fellow in Mathematics in Finance, Adjunct Professor of Mathematics at the Courant Institute of Mathematical Sciences of New York University (since 1999), and research fellow, Wharton School Financial Institutions Center, and Chairman, Empirica LLC.
Taleb held senior trading positions with trading houses in New York and London and operated as a floor trader before founding Empirica LLC. His degrees include an MBA from the Wharton School and a Ph.D. from the University of Paris. He is the author of Dynamic Hedging, Fooled by Randomness, and The Black Swan.
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Why didn't Obama go and run for presidency in a socialist country? Why did he decide to run in a capitalist country? He is doing everything 180 degrees off where it should be.
all the supportors of obama are a bunch of hypocrites. when bush was in power they mobilised mass protests against the war, but now that a democrat is in power the organisers cannot get anyone to volenteer to take action against the continuing wars
I dont know where you live, but there are anti war efforts taking place ALL THE TIME. You're thinking about it during the last 9-10 months... stretch it out over the next 3 years and its about the same rate as the last administration.
His complaint isn't really about taxes per se, but rather the effect taxes can have on rewarding failure and punishing success. I agree with his analysis of how the Obama Administration is working with the same finance industry/economist insiders who helped steer us toward this mess.
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but if you were to mark-to-market: that would be more interesting... :-)"
Ouch!
LMAO!!!!!!!!!
Sneaky dude... Very sneaky dude.
He still has not come up with the proposal of how to cover Medicare and Social Security entitlements.