Skip to content

Tag Archives: bernanke

Deep Read: Nassim Taleb (The Black Swan Guy) : Planet Money : NPR

by Jacob Goldstein

Here’s the latest Planet Money Deep Read — o…

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.

Nassim Taleb Bloomberg 05/13/10

HatTip to EG! [youtube=http://www.youtube.com/watch?v=OVxcDgfTzuk] NNT was also on CNBC yesterday. The interviewers get in the way somewhat but it’s worth watching.

Nassim Nicholas Taleb Angry


Nassim Nicholas Taleb angry with economists. The interviewer was just a journalist clueless about his ideas but he got them across anyway by …

youtube.com