General

Nassim Nicholas Taleb, scientific adviser at Universa Investments, discusses risks facing financial markets, U.S. monetary policy and his concerns about deficits with Bloomberg’s Erik Schatzker at the SALT Conference in Las Vegas on “Bloomberg Markets: The Close.” (Source: Bloomberg)

Link to video – https://www.bloomberg.com/news/videos/2019-05-09/taleb-says-fed-should-do-minimum-harm-and-expresses-his-concerns-about-deficits-video


Background : “IQ” is a stale test meant to measure mental capacity but in fact mostly measures extreme unintelligence (learning difficulties), as well as, to a lesser extent, a form of intelligence, stripped of 2nd order effects. It is via negativa not via positiva. It is meant to select exam-takers, paper shufflers, obedient IYIs (intellectuals yet idiots), ill adapted for “real life”. 

Link: https://medium.com/incerto/iq-is-largely-a-pseudoscientific-swindle

Nassim Nicholas Taleb, scientific advisor at Universa Investments, discusses the factors causing global fragility, hidden liabilities in global markets, and what he sees as safe trades in the current market. He speaks with Bloomberg’s Erik Schatzker on “Bloomberg Markets.” (Source: Bloomberg)

Link: https://www.bloomberg.com/news/videos/2018-10-31/taleb-says-world-is…

From the website:

The third annual Ron Paul Institute Washington, DC, Peace and Prosperity Conference includes a special focus on the symbiosis between the mainstream media and the warfare state. How does the mainstream media promote war and, conversely, how does the war machine promote the mainstream media? How do the militarist interventionists collude with the mainstream media to prevent alternative media from having a voice? Remember “PropOrNot”? The Atlancic Council? “Hamilton 68”? How does the US government misuse its citizens’ money to propgandize them into supporting endless, winless, pointless wars? To propagandize them into viewing any alternative media questioning the permanent warfare state as “unpatriotic” or even “agents of a foreign power”?

DATE AND TIME
Sat, August 18, 2018
9:30 AM – 3:30 PM EDT

LOCATION
Washington Dulles Airport Marriott
45020 Aviation Drive
Dulles, VA 20166
United States

For tickets go to https://www.eventbrite.com/e/rpi-peace-and-prosperity-2018-media-war-tickets-46590140364

From the website: The International Conference on Complex Systems is a unique interdisciplinary forum that unifies and bridges the traditional domains of science and a multitude of real world systems. Participants will contribute and be exposed to mind expanding concepts and methods from across the diverse field of complex systems science.

Conference: July 22-27, 2018
Cambridge, MA, USA

…Link to more details including registration here.

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Pedophrasty

Definition: Argument involving children to prop up a rationalization and make the opponent look like an asshole, as people are defenseless and suspend all skepticism in front of suffering children: nobody has the heart to question the authenticity or source of the reporting. Often done with the aid of pictures.

Can also describe the exploitation of babies by professional beggars who rent them from their parents and use them as potent appendage in their trade(remember that children tend to grow and need to be replaced).

Link: https://medium.com/incerto/pedophrasty-bigoteering-and-other-modern-scams-c84bd70a29e8

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What is Skin in the Game? The phrase is often mistaken for one-sided incentives: the promise of a bonus will make someone work harder for you. For the central attribute is symmetry: the balancing of incentives and disincentives, people should also penalized if something for which they are responsible goes wrong and hurts others: he or she who wants a share of the benefits needs to also share some of the risks.

Link: https://medium.com/incerto/what-do-i-mean-by-skin-in-the-game-my-own-version-cc858dc73260

Taleb is a very difficult person to pin down. As Ralph Nader put it last month: “You cannot pigeonhole him!” But I think that introduction to his insight (and foresight) should suffice to convince even those who have never heard of him before that he’s worth listening to.

Taleb is a former trader, a professor at NYU, and the author of several best-sellers including Fooled by RandomnessThe Black SwanAntifragile, and his just-released Skin in the GameBut perhaps its best to classify him as a “flaneur,” someone who — according to the Oxford Dictionary, “saunters around observing society.”

Also see written article here: https://www.fool.com/investing/2018/04/03/motley-fool-interview-nassim-nicholas-taleb.aspx