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

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

[Twitter | X] Nassim Nicholas Taleb Reiterates His Critique: IQ as Pseudoscience and Its Role in Race Science

[Twitter | X] Nassim Nicholas Taleb Tweets ‘The Black Swan’ as the Most Influential 21st Century Book

The other 4 books in Taleb’s “Incerto” book series:

  1. Fooled by Randomness
  2. The Bed of Procrustes
  3. Antifragile
  4. Skin in the Game

[Twitter] Nassim Taleb’s interview with Tucker Carlson when Skin in the Game came out

with Tucker Carlson when Skin in the Game (SITG) came out: Imagine fewer bureaucrats with no SITG, no CIA, a noninterventionist State Dept… In SITG I said that sending State Dept employees to the beach would be better for America & much better for the world.

YouTube video of the interview

You can get the book (Skin in the Game: Hidden Asymmetries in Daily Life) here: Paperback or Hardcover

Nassim explains the Kelly criterion

Nassim explains the Kelly criterion and illustrates why “risk aversion” in Behavioral Finance is Micky Mouse(™) Science.

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