Nassim Taleb on Fragility and Antifragility

Nassim Nicholas Taleb is, as my readers know, my favorite contemporary philosopher. He has come out with a new book, Antifragile: Things That Gain from Disorder. Taleb wrote the book, The Black Swan: The Impact of the Highly Improbable, which was a revolutionary look at risk in the investment world. I [...]

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Investors Remain Optimistic in the Face of Declining Stock Market Prices

Last weekend, I said that risk assets were getting frothy, and showed that speculation was rampant in several financial sectors.  I also pointed out that essentially the entirety of the total return to investors for several years, and perhaps for several decades, might be able to be explained by the appreciation in price (decline in [...]

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Why It is No Longer a Good Idea to Be in The Investment Industry

A spurious tail is the performance of a certain number of operators that is entirely caused by luck, what is  called the “lucky fool” in Taleb (2001). Because of winner-take-all-effects (from globalization), spurious performance increases with time and explodes under fat tails in  alarming proportions. An operator starting today, no matter [...]

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Taleb On Why Everything Is Rotten And Why He Is Supporting Ron Paul

I’ve written before on Nassim Taleb’s support of Ron Paul, but this CNBC interview of Taleb today will knock your socks off:

 

Hat tip to Zero Hedge.

[...]

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Taleb: It’s Worse Than 2008

Nassim Nicholas Taleb, author of one of my favorite books, The Black Swan, and closet Austrian theory economics student, is someone whom we should all listen to when he talks about economics. He said this at a conference in Ukraine:

… the current global market turmoil is worse than it was in 2008 because countries [...]

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Taleb Shreds Bernanke

Nassim Taleb is out promoting his new book, The Bed of Procrustes, a collection of aphorisms about economics, coming out on November 30.

As readers know he is my favorite philosopher and guru of risk. He’s also a bit of a curmudgeon. He used to subscribe to this blog, but dropped out because, as his [...]

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Nassim Taleb on Bloomberg

This is a recent interview with Nassim Nicholas Taleb on Bloomberg’s Inside Track. It is a good, informative interview. This was done in May, 2010.

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Nassim Nicholas Taleb Interview

Nassim Taleb is my favorite epistemologist. I am a big fan of Black Swan and Fooled By Randomness. I should also say that he was a reader of this blog until he finally bailed. As you may know, he doesn’t listen to much of what he calls unnecessary “noise.” In fact he suggests you should [...]

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Bear Stearns: The 'Immaculate Calamity'

The Financial Crisis Inquiry Commission (FCIC) had the former execs of Bear Stearns under the hot lights on Wednesday. It seems it wasn’t their fault, they said. Which caused Chairperson Phil Angelides to quip that the whole thing must have been an “immaculate calamity.” Great line and it’s been going around the blogosphere like a [...]

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Nassim Taleb: His Solution Won't Work

By Jeff Harding.

As readers of this blog know, I am a big fan of Nassim Nicholas Taleb, author of Black Swan and Fooled By Randomness. He is an independent thinker and he has enlightened us on some basic epistemological issues about investment risk. He seems to embrace the Hayekian-Misean concepts of the [...]

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