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Thanks Dave

Nassim Taleb, author of “The Black
Swan,” said the “first thing” investors should avoid is U.S.
Treasuries and the second is the dollar.

Taleb, a principal at Universa Investments LP whose 2007
bestselling book argued that history is littered with rare
events that can’t be predicted by trends, also said he would
rather hold euros than dollars, even as the region’s sovereign-
debt crisis persists. “Euros have Germany, the dollar has
nothing,” he said at a conference in Moscow.

Taleb made similar comments at the same forum last year,
saying “every single human being” should bet Treasuries will
decline because of the policies of Federal Reserve Chairman Ben Bernanke and President Barack Obama. Bernanke has pledged to
inject dollars into the U.S. financial system and cut borrowing
costs by buying $2.3 trillion of Treasuries and other assets, a
tactic known as quantitative easing.

“As skeptical as I am about Europe, I prefer it by far to
the United States,” said Taleb at the conference, hosted by
Troika Dialog, Russia’s oldest investment bank.