Shared by JohnH
NNT on Charlie Rose, tomorrow, Feb. 22 2011. Will post links to interview as it becomes available.
Nassim Taleb
with
Nassim Nicholas Taleb
on Feb 22, 2011
Shared by JohnH
NNT on Charlie Rose, tomorrow, Feb. 22 2011. Will post links to interview as it becomes available.
Nassim Taleb
with
Nassim Nicholas Taleb
on Feb 22, 2011
The risks stemming from the Federal Reserve’s efforts to stimulate the economy through bond purchases are “humongous” and the central bank doesn’t fully understand the potential effects, said Nassim Taleb, author of “The Black Swan.” “These people do not understand risk,” Taleb said in an interview on Bloomberg Television’s “InsideTrack” program with Erik Schatzker. He [...]
Some clever kids nabbed some off-the-cuff comments from Bernanke.
by Jacob Goldstein
Here’s the latest Planet Money Deep Read — o…
I was a trader for 21 years, and anyone taking markets seriously needs to consider the following… You remember the day when Kervial was liquidated? The SocGen rogue trader… ‘the hero’ in France. They sold $50 billion dollars worth of stock. How much did capitalization drop world-wide, based on that? Markets went down 12 percent! With a $50 billion order, you drop markets by 12%. We lost 7, 8 Trillion. A huge amount. So it tells you, don’t pay attention to stock markets. They’re driven by the marginal buyer. It means nothing. Short term markets mean nothing.
HatTip to EG! NNT was also on CNBC yesterday. The interviewers get in the way somewhat but it’s worth watching.