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Suspend VaR Immediately!
Alea —
Crisis has not even started, Guru says
H.T. Paul Kedrosky
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Nassim Taleb Gets Mad
Paul Kedrosky's Infectious Greed —
My friend Nassim "The Black Swan" Taleb lets loose about economists, forecasting, risk and the financial crisis while on a U.K. TV program.
THE FINTAG NEWSLETTER @ 13 October 2008
FiNTAG - Hedge Fund News, Views, Opinions and Gossip —
FINTAG COMMENT Capitalism takes a short break. The UK government, not bothering with tweaking around the edges Bernanke style, has decided to buy out the UK banking industry. Given this is unchartered waters, it is difficult to analyse the effect it will have on the Hedge Fund industry. In theory, we should be high fiving because we will be free to do what the banks cannot do - enjoy the risks and rewards of capitalism. Banks run by civil servants end up like the old European post offices that turned into banks; slow; conservative and lumbering. I think what will happen is that retail banks will never be able to do ...
Taleb On The Crisis
Winds of Change.NET —
Here's a video with Nicholas Taleb on the financial crisis (h/t John Robb). Check out his expression at 4:52 as his counterpart utters platitudes about regulation and the market.
Nassim Nicholas Taleb Gets Angry
CrossingWallStreet.com —
I think I’m one of very few people who isn’t impressed by Nassim Nicholas Taleb. I have the suspicion that The Black Swan is one of the great unread books of modern times. I can’t prove this, but I’ve read the book and it’s one of the most arrogant and incoherent books I’ve ever read. The Black Swan is so bad that it’s nearly unreadable.
Taleb really has one idea—that financial market returns don’t follow a normal distribution. OK, I got it. That’s all that he’s complaining about in this clip. For the record, this isn’t Taleb’s idea. A much better book is Benoit ...
Video: Nassim Nicholas Taleb
The Big Picture —
Nassim Nicholas Taleb angry with economists. The interviewer was just a journalist clueless about his ideas but he got them across anyway by ignoring her questions
See also: Taleb's `Black Swan' Investors Post Gains as Markets Take Dive ...
Nassim Nicholas Taleb Vents....
Todd Sullivan's - ValuePlays —
"Black Swan" author Taleb has been trying for years to get people to listen...can't blame him from being frustrated. Folks still are not listening. You must read his book: Disclosure ("none" means no position): Visit the ValuePlays Bookstore for Great Investing Books ...
Taleb Cashes in On Market Turmoil
Todd Sullivan's - ValuePlays —
The "Black Swan" author made a killing in October... The WSJ Reports To execute its strategy, Universa buys far-out-of-the-money "put" options on stocks and stock indexes. These are bets that the market will see a sharp, sudden downturn. They become extremely valuable in a market ...
The Black Swans Have Yet To Come Home To Roost . . .
Silicon Valley Watcher - conversations and observations at the intersection of technology and media —
The current economic crisis has yet to make itself felt in all of its fury. One of the most sensible commentators is Nassim Nicholas Taleb, a former "quant" on Wall Street. I've been recomending his book "The Black Swan" for more than a year.
Here is a very recent interview with the author on Charlie Rose, note: it is not for the feint of heart!
One piece of silver lining is that Mr Taleb recommends a portfolio balance in safe cash/bonds and only 10 to 20 per cent in high risk investments because the "medium risk investments" have hidden risks. That could be good for venture funds. Somebody should start a Black Swan Fund. ...
2009…Who Are You Going To Trust?
Howard Lindzon —
That’s the ultimate questions for 2009.
I have long said turn off the TV. There are enough great blogs linking to what you need to know that you should save lot’s of hours, headaches and money as we head into 2009 after the most brutal year in stock market history.
I am working on a top 30-50 blog/twitter list of people to follow in 2009 (hopefully by the end of the week), but may just link to other lists because I am finding some great names in the lists people are sending me.
I am a trend follower so am sticking with many of the bloggers that helped me through 2008, but I want some fresh voices in my head as well. We all ...
