Nassim Nicholas Taleb angry with economists. The interviewer was just a journalist clueless about his ideas but he got them across anyway by ignoring her questions.
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Does anywhere know where one can get the full version of this interview?
@YankeeClippa lawl. You still need to wake up. Idiot.
@hydrolist1 I’m wide awake and if you can’t see Taleb is a bullshit disinfo spewing jerkoff with mediocre acting skills then Ur either a totally brain dead mind controlled chump or you’re attempting to intentionally mislead the dumbed down sheeple with your jackass comment
@YankeeClippa lawl. I think you need to wake up. idiot .
This guy Taleb is full of shit…. He mixes truth with disinfo…. Any poker player can tell you he is a total liar the way the uses his hands and doesn’t sit still.. LOL he wants you to believe Trillionaire Banksters are Stupid.. and don’t know what they’re doing.. Wake Up you idiots!!!
the beginning of the end or the end of the beginning
Models around PD, LGD EAD are all made of thin air
Taleb is intimidatingly insightful.
Most people have learnt to get on with serious-sounding BS.
I can see why Taleb frightens them.
Can Taleb’s theories be applied to not only the financial markets, but to the Multicultural societal models advocated by Western governments and experts? Everyone assumes, for example, that importing millions of Muslims, Africans, and Latin Americans to industrialised countries will have no consequences. Taleb’s family originated in Lebanon, which had (still has) its own problems with the Multi-Cult model of society (i.e., it failed).
He’s not angry. these days people are coached on how to act on tv, so you have to keep you head very still but move your hands alot. If you raise you voice 2 much the box amplifies this and if you do move your head a bit, it looks like its bouncing around inside a box! So this would be normal in the real world, its just that tv distorts. He is a clever bloke though, so bring on the philosopher rulers!
that anchor is way too unqualified to….
I just started reading the Black Swan & yes it is quite complex. & yes It’s hard to really get a handle on what he is saying exactly ? Where does he stand ? What exactly does that mean to become more “robust” Now again I just started the book but I hope he provides some solutions. I mean I think he kind of is stating the obvious – yes there is much we don’t know but we do know something. Dont we?
Preach!!!!! This is not difficult to understand, coming from the ‘hood.
genius at hes best
@mocarro – that’s the whole point to what Mr. Taleb is saying. These models of so called risk are useless, and that derivatives, equity markets and anything else that use “risk models” to convey a sense of legitimacy are at its core casinos. He is trying to tell you that when people put money into equity markets and the like, they should know that they are placing money on a roulette table and anything these bankers tell you about the absence of risk is a whole lot of b.s.
Mr. Taleb is not wrong and the idiots in power are clueless.
Bankers and traders take enormous amounts of risk that puts stakeholder’s equity at jeopardy. Bankers and traders are rewarded by how much money they make. To make more money, they take more risk, and as a reward for their hard-work they take home huge bonuses. If they risk end up sour, they may still have a job, but if they don’t, they walk away with nice severance packages, while shareholders lose by a drop in the stock price. Bankers and traders win no matter what.
@mocarro
I agree that Taleb is a little extreme, but a lot of the things he proposes we abolish are not really all that essential to the stability of our financial system. Many complex derivatives are nothing more than speculative tools which serve to provide more leverage under the guise of reducing risk. Remember, Taleb is an options trader so he’s not against all derivatives only those we don’t understand or whose risk we can’t adequately quantify.
Nassim is the intellectuals intellectual and it just shows you how ridiculous these people are around him on this BBC TV show.
@PhilipWaterfield replace taught with teaches
@dougIassbickford I’m trying to remember, but I think that might be the British pronunciation of it. I seem to remember my English teacher saying it that way (although she was Irish), considering Taleb was taught in Oxford this certainly could make sense. It also makes contextual sense as he was just talking about how people talk about him exaggerating. Hope this helps
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@PhilipWaterfield hyperbole is pronounced high-pur-buh-lee
i want to know what a hyperbowl is
@dougIassbickford hyperbole
@MistaFrista Just watching them is painful
Goddamn you can see in his eyes how the 2 dumb cunts annoy him
I like Taleb, but he really does have a bad habbit of pointing out the need to get rid of all of our models for understanding risk without explaining how markets and capitalism will function without them.