Nassim Taleb can always be counted on to have an interesting take on events.. I thought some may be interested in his take on the financial crisis. He believes that we need a big mind shift in how we evaluate risk in many areas... (being wary of predictions and conventional risk analysis and having a large dose of skepticism)
Here is a YouTube video of a recent appearance of the Black Swan
author on BBC. He thinks that we may be just at the beginning of the
financial crisis as hedge funds have not even really started to get
unraveled yet... (He is getting very popular as a 'modern thinker'
and now gets $60,000 per lecture to groups which include NASA. He has
a 4 million dollar advance for his next book) He basically thinks
that we need to be more pragmatic in our thinking and get back to
basics rather than relying too heavily on complex theoretical
models...
Global Financial Crisis in the words of Black Swan author
The following is The Black Swan author Nassim Nicholas Taleb's edited
passionate (some say "angry") appearance on BBC News (YouTube video).
Take a look of this wikipedia link for what Nassim wrote about the
global banking crisis and Fannie Mae in The Black Swan in 2006. By the
way, Nassim considers this Sunday Times profile the most
representative. And here is a 2008 Aug Portfolio interview of Nassim.
Here is a YouTube video of a recent appearance of the Black Swan
author on BBC. He thinks that we may be just at the beginning of the
financial crisis as hedge funds have not even really started to get
unraveled yet... (He is getting very popular as a 'modern thinker'
and now gets $60,000 per lecture to groups which include NASA. He has
a 4 million dollar advance for his next book) He basically thinks
that we need to be more pragmatic in our thinking and get back to
basics rather than relying too heavily on complex theoretical
models...
Global Financial Crisis in the words of Black Swan author
The following is The Black Swan author Nassim Nicholas Taleb's edited
passionate (some say "angry") appearance on BBC News (YouTube video).
Take a look of this wikipedia link for what Nassim wrote about the
global banking crisis and Fannie Mae in The Black Swan in 2006. By the
way, Nassim considers this Sunday Times profile the most
representative. And here is a 2008 Aug Portfolio interview of Nassim.
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