Link To Full Story: www.assetinternational.com
To be sure to catch the start of Nassim Taleb's Interrogation, available in ai5000 Magazine after February 3, click here.
.
"There
is a quote by Paul Valery. He met Einstein at a party in the
1920s, and he asked him 'Do you carry a notebook'
around? Einstein asked,'Why?', and Valeria said 'To
write down your ideas, to put them down,' and Einstein said,'I only have one idea.'
To succeed, you only have to have one idea—two ideas, you’re dead. Journalism: It
supplies too much information-slash-noise. I enjoy some journalists, but
journalism is the problem. They have all the data/noise, but never talk about the elephant in the room.
They miss it. I don’t need papers.
The U.K. ones are the only ones I look at.
The quality of the U.K .press is much higher than the
American press. When I write, I don’t like to be
edited.
Link To Full Story: Twitter / nntaleb
nntaleb: Edmund Phelps got the "Nobel" for writings no one reads, theories no one uses, and lectures no one understands. [Panel in Moscow]
Link To Full Story: Twitter / nntaleb
nntaleb: Education makes the wise slightly wiser, but makes the fool vastly more dangerous. [Overconfidence, Chapt 4]
Saturday, February 6, 2010
Link To Full Story: 2010.therussiaforum.com
Shared by JohnH
There's no embed code for this video so go to the site to watch. Here's a synopsis of what NNT states (he's the 3rd speaker in this video)
Nassim Taleb: Go no-risk with a small percent and high-risk with the rest. For the speculative component, short the S&P and be long in precious metals; bet on hyperinflation with OTM calls on gold and puts on bonds; short USTs as long as Bernanke and Summers are in office; trade on the breakup of Europe. Russia is stable.
But you should see the clip, there's more to it than that. Some funny stuff. Would like to see his statement transcribed and then a discussion on it... If I have time.
Session Video Recording. Investments: Where is the Money in 2010 – What are the Risks?
February 5, 2010
Saturday, February 6, 2010
Link To Full Story: Twitter / nntaleb
nntaleb: We ask "why is he rich (or poor)?" not "why isn't he richer (poorer)?";"why is the crisis so deep?" not "why isn't it deeper?". [Chapter 4]
Link To Full Story: Truveo Video Search: nassim taleb days_old:<7 videos
Shared by JohnH
The audio wouldn't play for me but here's a Bloomberg link to Taleb in Moscow.
Nassim Nicholas Taleb, author of “ The Black Swan,” talks about the outlook for U.S. Treasuries and his investment strategy.
Link To Full Story: www.bloomberg.com
Shared by JohnH
This has the TwitterSphere alight. Hundreds of tweets rather than the usual daily 20-40.
Feb. 4 (Bloomberg) -- Betting on declines in U.S. Treasury
bonds is a “no brainer,” said Nassim Nicholas Taleb, author of
“The Black Swan.”
“Every single human being should have that trade,” Taleb
said at a conference in Moscow.
Link To Full Story: austrianschool.blogspot.com
Shared by JohnH
I had thought we'd see more of these. I don't know enough about investing to determine whether this protocol accurately represents NNT's suggestions, but it's a lot further along than I got on my own.
(BELOW THIS POINT I BEGIN TO EXPLAIN THE THEORETICAL FINANCIAL APPROACH FOR EMPLOYING BLACK SWAN PROTOCOL.)
In deploying black swan protection protocol for my portfolio, I begin by identifying the money I have that I do not wish to subject to the risks of the marketplace; in other words, money I absolutely do not want to lose. Next, I identify the amount of money that I want to deploy for the active component of the black swan protection protocol (I’ll explain what this component is momentarily). These two figures comprise the bookends of what Taleb calls the barbell strategy: extreme conservatism at one end, extreme risk taking at the other.
From NNT’s Twitter Page
I trust those who earn their living lying on their back more than those who do so sitting on a chair (hint: I read in bed…)
Link To Full Story: Twitter / nntaleb
nntaleb: Don't trust a man on a salary -except if it is minimum wage. Those on bondage & βάναυσοι would do anything to "feed a family". [Chapter 3]