A true masterclass in interviewing. A smart interviewer who likes to listen (but not to his own words), who manages to produce a clean Q&A without permanent interruption or talking at the same time, who gives interesting questions that deserve (and get) original answers, and, most astonishing, who doesn't look utterly dumb compared to Nassim. Looking around on RUclips it might seem otherwise like a tragedy that one of the smartest and most pragmatic persons of our times seems to be constantly interviewed by embarrassing jerks who interrupt him all the time. Very enjoyable and informative interview.
Mr. Taleb has been reading 30-60 hours a week since youth. His enthusiasm for knowledge and teaching is fantastic. I’ve finished fooled by randomness and am halfway though antifragile. Randomness is really good, the mind discounts luck in our achievements
Praise to Mr. Nassim. Everytime I read or listen to this man speak, i always get nervous as his ideas always forces me to re-assess my risk appetite. I think he is one of the greatest thinkers of our time and I'm grateful to have learned so much from him. He is the counterbalance to mainstream media's "stocks only go up" nonsense.
Nassim Taleb is Nassim Taleb. When he talks, you listen. Nothing else needs to be said. However, it must be pointed out that Erik Schatzker did a great job interviewing him. Kudos.
@@DerDop Read his books. It's hard work because he waffles. But if you can make it out the other side, you won't regret it. My favourite is Fooled by Randomness.
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Well done, Mr. Schatzker, you actually hosted a great interview with Mr. Taleb and asked subtle questions of him. You're one of the first, your colleagues are low brow, very well done.
Was difficult to understand what Nassim says - thank goodness for the interviewer who was very articulate and the paraphrasing helped in clarifying the thought. It's easier to read Nassim's thoughts here: www.grahammann.net/book-notes/skin-in-the-game-nassim-nicholas-taleb. His book is "Skin in the game." The interviewer is an excellent communicator
Taleb's point that the ancients' responses to plagues, creating quarantines and supporting local merchants, was much more successful than the modern day response was spot on. The total shutdown of the U.S. economy, and the catastrophic damage it has caused and will continue to cause, will be remembered as the single greatest failure of the U.S. government's response to this virus. Overall a fantastic interview.
@@dariostrassli7024 "The total shutdown of the U.S. economy" was the biggest mistake they made. Based on the scientific data from the CDC, the virus may only be considered "deadly" if you're over 70 years old with comorbidities. 10 times more people will die due to the economic devastation, and all the associated repercussions, than the virus will kill.
Great point about the Fed can't bail everything out forever. Eventually all things that "everyone knows is true" will get tested. Related to Minsky's Moment - stability creates instability. All backstops ultimately have to get tested or else they don't serve their purpose. If the market believes in a backstop, then all activities will take that to its natural limit. You only know it's at the limit when it threatens to break. Until then, the market doesn't know if it has taken all the risk it can get away with.
Dining bansang maglalagay ng pera ko sa Philippines island magmumula sakin $1billions dahil ang pera ko para Lang sa taung marino at may PAKI sa BUHAY ko at ng AKING mga anak at dalawang kapated at pamangkin at nag kusang Ina ko..Kung cnu ang bang gusto ako dun ako tera d sa Philippines island na pinatay ako sa GUTOM at parusa ng mga tamgangvpinuno ng bansang magnanakaw sa buong mundo..ayaw Kung masayangvang perang AKING ginawa para sa buong mundo..WALAng pwede makinabang Kung d ang tamang taung kailanman ng KABUHAYAN d ng kamalayan ng bansang MATAGAL ng demonyo sa BUHAY ko..Yan ay Philippines WALAng silbi sa BUHAY.mula kapitan HANGGANG presedent WALANG silbi LHAT Yan mga mukhang prlera lngmang Alam...for ever Yan mamatay na silang mga magnanakaw sa bayan na ito..sumpa ng AKING pangalan:AI-JOSE REY QUIRON DABALOS-12/30/1978.
Nassim's insight is a great foundation for further thought. Some world leaders made better decisions. If companies had reserves of cash or inventory, they could have absorbed the shock: when everything is run with a JIT mindset, things are fragile.
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18:09 I felt that little dissatisfaction when Erik looked away loosing eye contact with Taleb when Taleb did a funny reference of his low-haired head, missing a potential laughter and out-of-the-script moment. Nonetheless, a well conducted interview indeed.
Yes, it's difficult Tony when social skills lapse momentarily. I got a sinking feeling too at that moment. But there's a good chance Erik has taken note, so all is not lost.
We should diversify our politicians. Perhaps some should not serve the roths childs? Oh and also diversify our oil trade. Why its 100%in us dollars? Lets trade oil with gold silver and spy etf. Ooooh no! Taleb will never say that. He will be finished in the media for life
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Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉
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I took the risk dealing with Luiz to be in charge of my trade and finally end up with perfect testimony.his platform is amazing and very straightforward
There is a problem with the US dollar. No other nation has stepped up to say it wishes to be the reserve currency. The EU is right now insolvent. Russia, India and China have levels of poverty that cannot be possible in a reserve currency. The relationship between poverty and reserve currency can be seen in Holland, Spain, Portugal and England. America is not broke nor is it destitute. The dollar is still sound.
Best way to hedge is in short selling small caps which are about 8X overpriced whereas large and mid-caps only 4X overpriced per historical norms for an economy in the toilet. The real GDP growth per capita using a non-contrived inflation rate has not been positive for the past 15 years.
So...there is a persistent position of arbitrage called: investment analyst over-estimation of earnings and under-estimation of the value of tail risk hedging, but how much is too much?
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Dan inWY maybe he just lost connection, as later video suggests. First time through I found it odd because it was both shockingly obvious (once revealed; as are much of Taleb’s grand exposes) and glaringly against the common narrative.
i love how they cut the part where he was clearly about to speak about the U.S. driving towards socialism lol i wonder what he said. can we find the full interview somewhere?
The US is not moving towards socialism... it may seem like it... but I guarantee you, we are NOT! ... there are wayyyyy too many wealthy elite tax paying citizens with considerable investments and assets within the US for that to actually incarnate...what you are observing is socialist policy being practiced... but it is not being institutionalized...
@@camerontaylor7471 as many wealthy elite as there may be at the moment, that can all change, and quickly. Monetary events and transformations that we may never have seen before, actually nobody may have seen before, can change that. And please dont infer that with a current dem politician in charge, we wouldn't move closer to it each day. We are so free right now that we can argue on the political floor about statistically fringe social injustices while other nations are facing economic turmoil and genocide.
@@camerontaylor7471 why do you think the economic elites are positions themselves with the Dems? It is not going to be socialism for them, just like it wasn’t communism for the political elites in Russia. It is for the rest of us. A market crash can wipe out 99% of people and turn them into feudal serfs overnight.
Useless conversation. No questions about why Scandinavia has one of the lowest SARS CoV II cases with the world's lowest mask usage. Other places like Sydney Australia doesn't have significant mask usage, and has a low incidence rate. Meanwhile countries outside of Asia that have required face masks have not improved their lot. Asia seems like a special case, maybe because many of the countries have already experienced viruses from bats.
I don't disagree that risk aversion is playing a part in the economy but I don't think you can separate it from the lockdowns. We don't know what kind of choices people would make if they were free to choose their risk.
@@brandonreed09 are people avoiding the virus or are they not trying to test the cops? In my state all gentleman's clubs were shutdown. That's very clearly an industry that's suffering more from gov't than corona fear.
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There are intelligent people like Taleb, and then there are the rest of them who place way WAY too much pride & importance on themselves when it comes to Covid.
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What Taleb is saying now is the antithesis of what he wrote about in Antifragile. What in the world happened to the non-interventionist writer who was anti big pharma, anti big government, anti helicopter parent? He WAS someone who we thought studied history. I wonder if he has revised his stance and apologized to scientists like John Ioannidis and others.
@@mikecautillo6360 Lmao... if you are expecting the society to collapse, the first thing that's gonna become worthless is your digital sudokus in your USBs, also known as cryptos.
@@emperor68188 Who said anything about society collapsing? You obviously have some reading/catching up to do. When you have time though, please do show me where you predicted the proliferation of the DT computer, the smart phone & internet. When you can show me that, then I may give you the time of day. LOL!!
@@mikecautillo6360 Are you dumb? The OP said that he is stuffing his mattress with cash and buying gold, which is a typical doomer behavior. In response to that, you said "Bitcoin check!", implying that you think Bitcoin is necessary for any doomer/social decline prep. So if you don't think Bitcoin is for doomer prep, why did you reply to the OP?
Nassim is from Lebanon, so am I, we can look at what is happening there: currency collapsing, businesses shut down, society in chaos. People are not rushing to get bitcoin, people are trading cash dollar and gold. (more dollars than gold though as the average person cannot necessarily recognize genuine gold) stashing away medicine is also popular as medicine has long term value, the longer the expiration date, the more valuable. Bitcoin does not help you in doomsday, there is no electricty! how are the servers going to come online?
By YouSum Live 00:00:00 Nasim Taleb discusses risk, probability, and anti-fragility. 00:02:23 Importance of early reaction to pandemics for cost-effectiveness. 00:04:01 Misconceptions about pandemics: tail risk, economy, and trade-offs. 00:07:00 Strategic measures like face masks to reduce pandemic effects. 00:10:45 Impact of risk aversion on economic growth and behavior. 00:12:08 Evaluating systems' anti-fragility post-pandemic for future readiness. 00:17:33 Three categories of industries post-pandemic: helped, harmed, maimed. 00:20:02 Potential consequences of pandemic on globalization and supply chains. 00:21:16 Smart reorganization of globalization for robustness. 00:21:42 Fragility in supply chains, essential for local industries. 00:22:00 Identifying and addressing sources of fragility crucial for resilience. 00:24:03 Importance of tail-risk protection for catastrophic loss prevention. 00:24:26 Survival strategy: take risks but ensure survivability. 00:30:09 No one is bigger than the market, even the Fed. 00:37:04 Need for insurance before the crisis, not during. 00:39:30 Private markets offer insulation from short-term market pressures. 00:41:38 Private equity can be misused for hiding mistakes. 00:42:07 Risk of US dollar losing reserve currency status. 00:42:54 Impact of US election on global consequences. 00:43:16 Trump's deal-making logic and contradictions. 00:47:31 Reading history for wisdom in handling pandemics. By YouSum Live
I partially disagree that crisis is for weaker firms to disappear. If there are companies which would not survive after this is over even if support is provided it makes no sense to support them. But if say there’s an entrepreneur who paid his own money bought expensive hair and nail equipment but has to wait until people can go back he can be supported. You can’t just throw everyone under the bus if they cannot do their operation by remote work. Not all businesses are like twitter or Facebook. I’m not saying supporting a shoe retailer in mall if people will probably prefer to shop online even after vaccine.
Interesting stuff about what to read.Great question and great answer. Looking back to see what worked well and what worked not so good kind of makes sense. PS yes please don’t try to buy fire insurance while you are standing in the middle of a fire.
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The problem with pharmacological risk is that the big pharma companies place the risk on the consumers shoulders, when they are fully aware that if their product becomes known to be dangerous or deadly, they can just pay a lawsuit fine in the millions while knowing they'll still make billions in the long run. Much like the auto manufacturers which put out a vehicle with a defect and then don't recall it because the costs of repairing it are much more than the cost of the lawsuits from dead individuals family members.
A true masterclass in interviewing. A smart interviewer who likes to listen (but not to his own words), who manages to produce a clean Q&A without permanent interruption or talking at the same time, who gives interesting questions that deserve (and get) original answers, and, most astonishing, who doesn't look utterly dumb compared to Nassim.
Looking around on RUclips it might seem otherwise like a tragedy that one of the smartest and most pragmatic persons of our times seems to be constantly interviewed by embarrassing jerks who interrupt him all the time.
Very enjoyable and informative interview.
he was terrible a few years ago, now a master:-) One thing we have to always keep in mind, people and other things can improve!
Plus, it helps to interview someone you actually admire and respect, like he does with Taleb.
Great interview ... on both sides of the interview :-)
被v。
Rare common sense! Great interview with a brilliant man.
Mr. Taleb has been reading 30-60 hours a week since youth. His enthusiasm for knowledge and teaching is fantastic.
I’ve finished fooled by randomness and am halfway though antifragile.
Randomness is really good, the mind discounts luck in our achievements
48:27 he can also speak a little Italian?
Prof Nassem may you never get tired to share your light..
Praise to Mr. Nassim. Everytime I read or listen to this man speak, i always get nervous as his ideas always forces me to re-assess my risk appetite. I think he is one of the greatest thinkers of our time and I'm grateful to have learned so much from him. He is the counterbalance to mainstream media's "stocks only go up" nonsense.
Erik is a great interviewer imo, compared to others, because he actually let's the interviewee do most the talking that they were brought in for!
Eric must be quite smart, as he is a great listener
Pretty rare these days for some reason. He stands out.
Almost Feb 2021 and this interview is aging well already. I wish I could upvote this thousands of times. I love NNT
Nassim Taleb is Nassim Taleb. When he talks, you listen. Nothing else needs to be said. However, it must be pointed out that Erik Schatzker did a great job interviewing him. Kudos.
It's the First time i"m hearing of him. The guy has common sense and he commands respect.
@@DerDop Read his books. It's hard work because he waffles. But if you can make it out the other side, you won't regret it. My favourite is Fooled by Randomness.
biggusriggus yes his books are work in deed. He’s not the most likeable guy, but he’s brilliant.
@@amirjon Always nice to bump into similar minded folks. Hello from Aus (Melb)
LongTermCap: if by “not the most likable guy” you mean “massive c__t”, I agree.
This guy should get interviewed more often. Unconventional genuine personality with wisdom backed by math and science.
Thank you Eric for such a great interview. Loved your questions and keeping the interview flow in order. Always good to hear Dr. Nassim Taleb's views.
interviewer: describes Nassim as a contrarian
Nassim: "I'm definitely not a contrarian"
Erik Schatzker great interview style, I'm growing on Bloomberg. A true masterclass from Nassim. Thank you for sharing.
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Erik seems to be one of the few that is capable of interviewing someone like Taleb. He asks good questions and doesn't interrupt.
also important: he follows up, when something is ambiguous or not clear
It's always great to see Erick pulling out info, statements, perspectives from ppl. He's the most brilliant journalist I've ever seen.
Ok Eric is now in charge of conducting ALL interviews ever!
Thoroughly enjoy this conversation. Always benefit from listening to Mr Taleb.
*Dr.
Erik's interviews with Nassim are always great
Great interview by Erik with Nassim.
Keep bringing Nassim on. Good interview
Thank you,! I really admire Mr.Taleb, God bless his family.
Great interview and interviewer! Always so inlightening to listen to Nassim Taleb! Thank you!
Erik is a really solid interviewer.
we need more wisdom indeed, listening to Mr. Taleb has always been a delight for me..
thank you :)
Time to reread the Black Swan. I also very much enjoyed The Bed of Procrustes.
Eric, the quintessential interviewer, presents another fabulous interview. Unique and data filled. Thank you.
Why does this look like it’s filmed in the 90s on VHS?
Hard to comprehend with terrible audio
My favorite part of this (and many interviews), is watching Eric's expression.
Taleb was one of my profs during grad school. He always had interesting points of view.
That was a brilliant interview. I particularly enjoyed the discussion regarding stagflation; there's no such thing as a free lunch.
its still possible for some to obtain a perfectly free lunch
Lmao! Ever heard of inheritance?! ... I think Paris Hilton understands very well the idea of free money...
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@@camerontaylor7471 🤣🤣🤣🤣
@@sighwestberry5079 😝😝😝😝
Great interview. Taleb explains complex things with simple analogies. Thanks.
This interview is good. Not many can keep up with Naseem
Taleb is soooooo intelligent. I wish he'd move back to Lebanon permanently where he could help his own people.
Not enough money there for him
Most people here don't know him, let alone understand him. Those who would understand/appreciate him are a minorities and hardly stand a chance.
Great interview. I will look for other Erik interviews. I am a big fan of Taleb.
This looks like it was shot in 2008
*1999
@@periversen8486 you people are funny .. made me spit my coffee all over the papers lol
🤣...might have been!
Truly enjoyable conversation.
very impressive about Nassim Taleb's rich knowledge and sharp opinion. independent thinker indeed
This guy is sharp! We need more like him and less politicians
Sure. We need more people who sold their souls. Taleb knoes the truth. He just plays "useful genius" role ;)
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Erik seems like such a cool, smart, humble guy, makes me want to go work for BNN :-)
Well done, Mr. Schatzker, you actually hosted a great interview with Mr. Taleb and asked subtle questions of him. You're one of the first, your colleagues are low brow, very well done.
Was difficult to understand what Nassim says - thank goodness for the interviewer who was very articulate and the paraphrasing helped in clarifying the thought. It's easier to read Nassim's thoughts here: www.grahammann.net/book-notes/skin-in-the-game-nassim-nicholas-taleb. His book is "Skin in the game." The interviewer is an excellent communicator
Excellent conversation. Thank you.
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Taleb's point that the ancients' responses to plagues, creating quarantines and supporting local merchants, was much more successful than the modern day response was spot on. The total shutdown of the U.S. economy, and the catastrophic damage it has caused and will continue to cause, will be remembered as the single greatest failure of the U.S. government's response to this virus. Overall a fantastic interview.
A single greatest failure in the US government? Imagine a virus so deadly that you need a test to see if you have it.
@@dariostrassli7024 "The total shutdown of the U.S. economy" was the biggest mistake they made. Based on the scientific data from the CDC, the virus may only be considered "deadly" if you're over 70 years old with comorbidities. 10 times more people will die due to the economic devastation, and all the associated repercussions, than the virus will kill.
@@wjkingva I agree with you on that. Kill the economy for the tragedies of a few.
30:05 the timing of that cut out was perfect
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@@nassimnicholastaleb2628 scam
Great interview by Eric and as usual great insights by Nassim Taleb
I love how he did not repeat after "disruption"
Eric has become a better interviewer!
Great coverage Bloomberg!
Great point about the Fed can't bail everything out forever. Eventually all things that "everyone knows is true" will get tested. Related to Minsky's Moment - stability creates instability. All backstops ultimately have to get tested or else they don't serve their purpose. If the market believes in a backstop, then all activities will take that to its natural limit. You only know it's at the limit when it threatens to break. Until then, the market doesn't know if it has taken all the risk it can get away with.
Dining bansang maglalagay ng pera ko sa Philippines island magmumula sakin $1billions dahil ang pera ko para Lang sa taung marino at may PAKI sa BUHAY ko at ng AKING mga anak at dalawang kapated at pamangkin at nag kusang Ina ko..Kung cnu ang bang gusto ako dun ako tera d sa Philippines island na pinatay ako sa GUTOM at parusa ng mga tamgangvpinuno ng bansang magnanakaw sa buong mundo..ayaw Kung masayangvang perang AKING ginawa para sa buong mundo..WALAng pwede makinabang Kung d ang tamang taung kailanman ng KABUHAYAN d ng kamalayan ng bansang MATAGAL ng demonyo sa BUHAY ko..Yan ay Philippines WALAng silbi sa BUHAY.mula kapitan HANGGANG presedent WALANG silbi LHAT Yan mga mukhang prlera lngmang Alam...for ever Yan mamatay na silang mga magnanakaw sa bayan na ito..sumpa ng AKING pangalan:AI-JOSE REY QUIRON DABALOS-12/30/1978.
Banks can compensate CEOs for enormous risk and socialize the losses with the backing of the Treasury and Fed.
I did enjoy the conversation, thanks!
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Erik did a brilliant job with this interview.
Yeah. Hiding the truth. Perfect job. Both sold their souls
Nassim's insight is a great foundation for further thought. Some world leaders made better decisions. If companies had reserves of cash or inventory, they could have absorbed the shock: when everything is run with a JIT mindset, things are fragile.
Thank you marvelous interview
That was really good.
Eric my friend , you are becoming a great interviewer. Thanks 👍
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18:09 I felt that little dissatisfaction when Erik looked away loosing eye contact with Taleb when Taleb did a funny reference of his low-haired head, missing a potential laughter and out-of-the-script moment. Nonetheless, a well conducted interview indeed.
Yes, it's difficult Tony when social skills lapse momentarily. I got a sinking feeling too at that moment. But there's a good chance Erik has taken note, so all is not lost.
Thank you Prof. Taleb !
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Could you make a channel with only your interviews (whole of Bloomberg). Would be nice. Thanks for the interview!
The interesting thing about Taleb's logic (I'm a big fan), is that diversification is the solution (because the future is uncertain)
We should diversify our politicians. Perhaps some should not serve the roths childs? Oh and also diversify our oil trade. Why its 100%in us dollars? Lets trade oil with gold silver and spy etf. Ooooh no! Taleb will never say that. He will be finished in the media for life
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Never watched a video of Nassim, only read the books, he is very easy to listen too a likeable
WHY W
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@@nassimnicholastaleb2628 what is your telegram contact ?
@@rocketguy748 let me have your number too
"editor at large" - when did he escape?
Days before Covid-19 made landfall. I always found that strangely convenient.
I took the risk dealing with Luiz to be in charge of my trade and finally end up with perfect testimony.his platform is amazing and very straightforward
Thanks Luiz .+1.8.0.3.5.6.6.0.6.9.7
There is a problem with the US dollar. No other nation has stepped up to say it wishes to be the reserve currency. The EU is right now insolvent. Russia, India and China have levels of poverty that cannot be possible in a reserve currency. The relationship between poverty and reserve currency can be seen in Holland, Spain, Portugal and England. America is not broke nor is it destitute. The dollar is still sound.
Best way to hedge is in short selling small caps which are about 8X overpriced whereas large and mid-caps only 4X overpriced per historical norms for an economy in the toilet. The real GDP growth per capita using a non-contrived inflation rate has not been positive for the past 15 years.
So...there is a persistent position of arbitrage called: investment analyst over-estimation of earnings and under-estimation of the value of tail risk hedging, but how much is too much?
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Thanks for posting this. interesting perspectives
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Convenient cut edit when he starts talking about Trump socialism. 29:20
hmmm...
Dan inWY maybe he just lost connection, as later video suggests. First time through I found it odd because it was both shockingly obvious (once revealed; as are much of Taleb’s grand exposes) and glaringly against the common narrative.
Well this is pure gold from both sides
his take on US socialism was enlightening
Excellent interview! Great questions and clear eloquent responses.
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i love how they cut the part where he was clearly about to speak about the U.S. driving towards socialism lol i wonder what he said. can we find the full interview somewhere?
The US is not moving towards socialism... it may seem like it... but I guarantee you, we are NOT! ... there are wayyyyy too many wealthy elite tax paying citizens with considerable investments and assets within the US for that to actually incarnate...what you are observing is socialist policy being practiced... but it is not being institutionalized...
@@camerontaylor7471 as many wealthy elite as there may be at the moment, that can all change, and quickly. Monetary events and transformations that we may never have seen before, actually nobody may have seen before, can change that. And please dont infer that with a current dem politician in charge, we wouldn't move closer to it each day. We are so free right now that we can argue on the political floor about statistically fringe social injustices while other nations are facing economic turmoil and genocide.
@@camerontaylor7471 famous last words, as taleb would say its best to react early, socialism has the biggest tail risks of all.
@@camerontaylor7471 why do you think the economic elites are positions themselves with the Dems? It is not going to be socialism for them, just like it wasn’t communism for the political elites in Russia. It is for the rest of us. A market crash can wipe out 99% of people and turn them into feudal serfs overnight.
Nassim is a brilliant thinker
I don't think that this is his real name it sounds like an Nazi
@@alexitoyt1130 it is it means Breeze in Arabic
But sold his soul in 2020
@@quant2011 how so?
@@xxxs8309 he knows the truth but prefers to spread some gigantic BS. And i loved his books. How sad. Will never buy again any of his work
Tuna £ 3, cheddar £ 1.50, Minute 42 Erik's reaction when Taleb drops reserve currency risk: Priceless
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Useless conversation. No questions about why Scandinavia has one of the lowest SARS CoV II cases with the world's lowest mask usage. Other places like Sydney Australia doesn't have significant mask usage, and has a low incidence rate. Meanwhile countries outside of Asia that have required face masks have not improved their lot. Asia seems like a special case, maybe because many of the countries have already experienced viruses from bats.
I don't disagree that risk aversion is playing a part in the economy but I don't think you can separate it from the lockdowns. We don't know what kind of choices people would make if they were free to choose their risk.
How many lockdowns are enforced by law enforcement? Not many. In most cases people are choosing freely choosing to follow the mandates.
@@brandonreed09 are people avoiding the virus or are they not trying to test the cops? In my state all gentleman's clubs were shutdown. That's very clearly an industry that's suffering more from gov't than corona fear.
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my fave video of 2020
This interviewer is definitely a NNT fan lol. I can’t help but be a fan of NNT he is slightly comical and practical with his explanations.
Did the interviewer get a raise after this interview? I certainly hope so.
great interview.... great interviewer and great interviewee
Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉
Very good interviewer
There are intelligent people like Taleb, and then there are the rest of them who place way WAY too much pride & importance on themselves when it comes to Covid.
More interviewers should be like Erik
Great video sir, I believe your efforts and that of Mr Herman David keeps me on a consistent win record always thanks man.
Yeah indeed he's a good expert and I love learning from him.
I have read so many positive remarks about this expert Mr Herman David but I don't seem to understand how he operates.
This is epic been looking for this kind of opportunity since I've lost 2k trading my own.
He trades on my behalf since I'm too busy to trade my self and he only charges a commission on profit made after a trading session of 7 days.
Okay that's good I think I can work with 30% how do I connect him?
Thanks from Ukraine!
Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉
Amazing...Thanks Dr. Nassim and Bloomberg
Nassim is simply amazing
What Taleb is saying now is the antithesis of what he wrote about in Antifragile. What in the world happened to the non-interventionist writer who was anti big pharma, anti big government, anti helicopter parent? He WAS someone who we thought studied history. I wonder if he has revised his stance and apologized to scientists like John Ioannidis and others.
I see you as a contrarian.... I disagree, I actually agree with a lot!
40首適合年青人的好歌必聽【100%無廣告】|| 說好不哭、欧若拉、安靜、 下墜 Falling、小時候的我們、 以後別做朋友 ||G.E.M.鄧紫棋、周杰倫 、Eric 周興哲、林俊傑、田馥甄
ruclips.net/video/SdG9xzg_hYQ/видео.html
Mattress stuffed? Check. Gold purchased? Check.
Bitcoin check!
@@mikecautillo6360 Lmao... if you are expecting the society to collapse, the first thing that's gonna become worthless is your digital sudokus in your USBs, also known as cryptos.
@@emperor68188 Who said anything about society collapsing? You obviously have some reading/catching up to do. When you have time though, please do show me where you predicted the proliferation of the DT computer, the smart phone & internet. When you can show me that, then I may give you the time of day. LOL!!
@@mikecautillo6360 Are you dumb? The OP said that he is stuffing his mattress with cash and buying gold, which is a typical doomer behavior. In response to that, you said "Bitcoin check!", implying that you think Bitcoin is necessary for any doomer/social decline prep. So if you don't think Bitcoin is for doomer prep, why did you reply to the OP?
Nassim is from Lebanon, so am I, we can look at what is happening there: currency collapsing, businesses shut down, society in chaos. People are not rushing to get bitcoin, people are trading cash dollar and gold. (more dollars than gold though as the average person cannot necessarily recognize genuine gold) stashing away medicine is also popular as medicine has long term value, the longer the expiration date, the more valuable. Bitcoin does not help you in doomsday, there is no electricty! how are the servers going to come online?
This was a crash course on How To Listen.
Mais um excelente vídeo perdido aqui pelo RUclips! Grande Taleb.
By YouSum Live
00:00:00 Nasim Taleb discusses risk, probability, and anti-fragility.
00:02:23 Importance of early reaction to pandemics for cost-effectiveness.
00:04:01 Misconceptions about pandemics: tail risk, economy, and trade-offs.
00:07:00 Strategic measures like face masks to reduce pandemic effects.
00:10:45 Impact of risk aversion on economic growth and behavior.
00:12:08 Evaluating systems' anti-fragility post-pandemic for future readiness.
00:17:33 Three categories of industries post-pandemic: helped, harmed, maimed.
00:20:02 Potential consequences of pandemic on globalization and supply chains.
00:21:16 Smart reorganization of globalization for robustness.
00:21:42 Fragility in supply chains, essential for local industries.
00:22:00 Identifying and addressing sources of fragility crucial for resilience.
00:24:03 Importance of tail-risk protection for catastrophic loss prevention.
00:24:26 Survival strategy: take risks but ensure survivability.
00:30:09 No one is bigger than the market, even the Fed.
00:37:04 Need for insurance before the crisis, not during.
00:39:30 Private markets offer insulation from short-term market pressures.
00:41:38 Private equity can be misused for hiding mistakes.
00:42:07 Risk of US dollar losing reserve currency status.
00:42:54 Impact of US election on global consequences.
00:43:16 Trump's deal-making logic and contradictions.
00:47:31 Reading history for wisdom in handling pandemics.
By YouSum Live
Bloomberg's only great contribution this year
This interviewer is kick-ass good! I wish Taleb was the head of WHO... could've saved the world.
He's asking the correct questions and the correct follow-up questions
I partially disagree that crisis is for weaker firms to disappear. If there are companies which would not survive after this is over even if support is provided it makes no sense to support them. But if say there’s an entrepreneur who paid his own money bought expensive hair and nail equipment but has to wait until people can go back he can be supported. You can’t just throw everyone under the bus if they cannot do their operation by remote work. Not all businesses are like twitter or Facebook. I’m not saying supporting a shoe retailer in mall if people will probably prefer to shop online even after vaccine.
Thought about Nevada while watching this. Hope their recovery is going well. I imagine its been harder
Interesting stuff about what to read.Great question and great answer. Looking back to see what worked well and what worked not so good kind of makes sense.
PS yes please don’t try to buy fire insurance while you are standing in the middle of a fire.
Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉
The problem with pharmacological risk is that the big pharma companies place the risk on the consumers shoulders, when they are fully aware that if their product becomes known to be dangerous or deadly, they can just pay a lawsuit fine in the millions while knowing they'll still make billions in the long run. Much like the auto manufacturers which put out a vehicle with a defect and then don't recall it because the costs of repairing it are much more than the cost of the lawsuits from dead individuals family members.
Great job Eric - let Nasim rip
I am most certainly not misconstrued, but, i can prove, this guy at (27.52) is talking about 'GS..!'
Why do you think so?