Life, the Multiverse and Everything...
He said it over and over again, yet he’s now even more eloquent. Taleb states that: “Federal Reserve ‘Will Be Gone’ In 25 Years, Top Financial Mind Predicts, Despite Geithner’s Vote Of Confidence” The impact and importance of the underestimated book The Black Swan still doesn’t seize to amaze me…
Since Tim Geithner did not predict the economic crisis, Nassim Taleb has no interest in listening to him talk about it now. The author of The Black Swan, a book about risk and probability theory, told National Journal’s Matthew Cooper that he did not listen to Geithner, who preceded him at the Washington Ideas Forum. [...]
Summary of the problem discussed in The Black Swan (and associated papers): The problem, basically stated (which I have had to repeat continuously) is about the degradation of knowledge when it comes to rare events (”tail events”), with serious consequences in some domains I call “Extremistan” (where these events play a huge role, manifested by [...]
Can you recall a moment when you could honestly say ‘I told you so’, but when no one listens? Well this just might be one of those for me. This Thursday September the 10th marks perhaps a historic development for both Washington and the financial markets. The US Congress’ Committee on Science and Technology held a [...]
Universa Investments LP, the hedge-fund advised by “Black Swan” author Nassim Taleb, has a new strategy where they’re betting that the massive stimulus efforts of global governments will lead to hyperinflation. The governments pumping money into the economy cannot prevent hyperinflation, and in the loger run will lead to deflation as well . The strategy has also been reported [...]
Staying the Course: Part II – Zeitgeist Europe ’09 The panel explores those improbable events that the marketplace under-assesses but which end having a powerful and unanticipated influence for investors. Taleb author of brilliant book The Black Swan says “the more you study economics the less competent you’re going to be…. the past is not [...]
A very thoughfull guy, John Petersen, looks into the future and explains what our societies are facing with the current transformations onset by the evergrowing complexity in the world. Being a remarkably diverse fellow, Petersen elaborates further on the widely misunderstood impact of what Nassim Nicholas Taleb calls ‘The Black Swans’ and gives some other [...]
Since Tim Geithner did not predict the economic crisis, Nassim Taleb has no interest in listening to him talk about it now. The author of The Black Swan, a book about risk and … [Read More...]
A leaked internal memo from physicists working at the Large Hadron Collider near Geneva reports a … [Read More...]
The more one probes the universe at smaller and smaller scales, the weirder matter and energy seem … [Read More...]
Can you recall a moment when you could honestly say 'I told you so', but when no one listens? Well … [Read More...]
