Tag: Black Swan

Bloomberg: Nassim Taleb Warns to Hedge Against Crash as Debt Crisis Looms

On By In Economics, Statements

(Bloomberg) — author Nassim Taleb said investors should insure against a stock-market crash as structural issues such as the US debt burden threaten to derail an otherwise unstoppable rally.

Even with US stocks making multiple record highs and corporate profits surging, Taleb, a distinguished scientist for hedge fund Universa Investments, warns that the real danger now comes from visible risks, so-called “white swans,” that most people ignore until it’s too late.

Read the full article: finance.yahoo.com/news/nassim-taleb-warns-hedge

[Medium] The World in Which We Live Now

On By In Conferences, Economics, Politics, Statements
The World in Which We Live Now

Lecture at the Annual Meeting of the Ron Paul Institute, 2025

Friends, I have seven points. Why seven? Because I’ve been reading too much Babylonian history recently.

FROM CONNECTIVITY TO TECHNOFEUDALISM

The first one is about concentration, a distinctive feature of the modern world, often tied to what I called the Black Swan problem. We now see winner-take-all effects everywhere, owing to connectivity. Imagine an island with many species but a high density per square meter. Compare that to a continent, where opening up space leads to fewer species per meter because some will eventually dominate. This mirrors cultural and economic life today.

Continue reading on Medium: nntaleb.medium.com/the-world-in-which-we-live

[YouTube] Nassim Taleb on Risks, Gold, Private Markets, Trump Tariffs

On By In Economics, Politics, Videos

Nassim Taleb, author of “The Black Swan,” and scientific advisor at Universa Investments, says he doesn’t think the “consciousness of risks” has improved over the last 25 years. He discusses the increasing US deficit, gold as a reserve currency, the opacity of private markets, and why the Trump administration’s approach to tariffs “makes no sense.”

00:00 – Taleb on “consciousness of risks”
02:12 – What drives markets
04:23 – Taleb on the US dollar and gold as a reserve currency
07:18 – Nassim Taleb on hedge funds and the opacity of private markets
09:33 – Trump administration’s tariff approach “makes no sense,” Nassim Taleb says

[Medium] IQ is largely a pseudoscientific swindle (Argument Closed)

On By In Statements, Writing

UPDATE

ARGUMENT CLOSED (2025): The argument is now closed thanks to paper by Brown, Wai, and Chabris that tried to rebut the piece below, but confirmed all of its conclusions. The piece, most recent one on IQ and relying on multi-cohort studies, unintentially showed that IQ explains almost nothing in educational attainment, occupational attainment, and …income! And that, in spite of the circularity. I did not notice the paper until 2024.

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

Catch Nassim Nicholas Taleb and Fintan O’Toole at Kilkenomics 2024: Power, Corruption, and Lies

On By In Conferences

Nassim Nicholas Taleb, author of The Black Swan, joins award-winning journalist Fintan O’Toole for a one-hour discussion on Power, Corruption, and Lies at Kilkenomics 2024. Taking place at the Watergate Theatre in Kilkenny on November 8th, 2024, this event is part of the world’s only economics and comedy festival.

  • Date: November 8th, 2024, 17:00
  • Venue: Watergate Theatre, Kilkenny, Ireland
  • Tickets: €29.00 full price | €27.00 concession (+ €1.50 fees)

Book now: kilkenomics.ticketsolve.com/ticketbooth/shows/873665809