Paul Solman explains “hedge funds” and why “Black Swan” events make it harder than might be expected to reduce investment risk (October, 2006).

Transcript: “Nassim: The difference between Hedge Funds, and Mutual Funds, is that Mutual Funds take your money and they have a lot of constraints on what they can do for you. A Hedge Fund has usually more freedom, to invest, to make bets, to gamble, to do whatever you want.

Paul: OK lets take it back to 2000, I have a lot of finance professor friends, so of whom would presumably go

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PBS NewsHour Interviews Nassim Taleb on Hedge Funds & Black Swans

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October 23rd, 2006

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