Along with a long list of global thought leaders, Nassim will be speaking at this year’s SALT Conference at the Bellagio in Las Vegas on the weekend of May 10-13th:
The SkyBridge Alternatives (SALT) Conference is committed to facilitating balanced discussions and debates on macro-economic trends, geo-political events and alternative investment opportunities within the context of a dynamic global economy. With thought leaders, public policy officials, business professionals and investors from over 42 countries and 6 continents, the SALT Conference provides an unmatched opportunity for attendees from around the world to connect with global leaders and network with industry peers.
SALT is produced by SkyBridge SALT, LLC, an affiliate of SkyBridge Capital, a global investment firm with approximately $12.6 billion in assets under management or advisement as of January 31, 2016. Unique and forward looking, SkyBridge Capital is a pioneer in the alternative asset management industry leading an evolution in the fund of funds space. SkyBridge has redefined the fund of funds investment model by developing a thematic and tactical multi-strategy investment approach to consistently generate attractive risk-adjusted returns. The firm’s investment strategy is enhanced by their unparalleled access to industry decision makers and global financial leaders – including money managers, economists and policy makers– whose insights are integral to shaping our global outlook and opportunity sets. The firm is headquartered in New York and also has a presence in Zürich, Switzerland and Seoul, South Korea.
Nassim kicks off The Bank of England’s One Bank Flagship Seminar, the first such seminar offered by the bank in an effort at greater transparency:
The first part of this talk – The Law of Large Numbers in the Real World – presents fat tails, defines them, and shows how the conventional statistics fail to operate in the real world, particularly with econometric variables, for two main reasons: 1) we need a lot, a lot more data for fat tails; and 2) we are going about estimators the wrong way. The second part – Detecting Fragility – presents heuristics to detect fragility in portfolios. Fragility is shown to be ‘anything that is harmed by volatility’. The good news is that while (tail) risk is not measurable, fragility is.
Nassim joins Jean-Philippe Bouchaud, founder and chairman of Capital Fund Management, in a debate at the at the 2015 Chaire PARI Conference.
Discussing the concept of antifragility, Nassim remotely addresses the Theory of Constraints International Conference held in Capetown South Africa from September 6th to 9th, 2015. The theme of the conference was how to use the Theory of Constraints to transform organizations and people from fragile (harmed by volatility) to robust (not harmed by volatility) to antifragile (benefiting from volatility).
Thanks to QuantLabs.net for the link.
Originally published May 24th 2014
Sornette vs. Taleb Diametrically Opposite Approaches to Risk & Predictability
Quickly recorded. You do not decrease tail risk by increasing benefits, you decrease tail risk by decreasing tail risk.
Nassim has completed his paper The Precautionary Principle: Fragility and Black Swans from Policy Actions with Yaneer Bar-Yam, Raphael Douady, Joseph Norman, & Rupert Read.
Link to the announcement on his Facebook Page here.