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Tag Archives: debt to equity

Charlie Rose – Nassim Nicholas Taleb

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

onĀ Feb 22, 2011

Tumor is still in the system – Nassim Nicholas Taleb part 1 & 2

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.