Thanks Nassim, great listen for an off the trail hike.
@christinatrifonov28774 ай бұрын
Thank you for doing this series, very enjoyable
@jamesmarsh40475 ай бұрын
Thanks Scott. This is great !
@torosytoros5 ай бұрын
Hello professor, wishing you a blessed Sunday
@ljragsandfeathers5 ай бұрын
How would Nassim Taleb suggest using the precautionary principle within these fraught political times? How does one situate oneself financially when those who hold the purse strings of the treasury department have no skin in the game themselves? Honest question, Nassim. Thanks for this impressive interview. I love your explanation of risk using human kidney redundancies 😊
@jacklosman5 ай бұрын
Financially? I'd say the first precautionary principle NNT would offer is to avoid holding any debt whatsoever. If I recall, NNT has recommended an 80/20 split of financial assets before now. 80% in ultra-safe, ultra-boring financial instruments (perhaps it was US Government Bonds (?)) and 20% in 'extremistan' assets such as shares. Disclosure I do not follow either of these principles!! Just trying to recall what I've heard NNT say before.
@MannyPE-oi7pb5 ай бұрын
So what principles do you follow then? Why not Taleb’s principles?
@jacklosman5 ай бұрын
@@MannyPE-oi7pb I don't have the financial wherewithal to follow (i.e. act on) these principles. I employ and attempt to employ several other of his stated principles in other areas of my life
@ardeshirjahanian26974 ай бұрын
Buy puts
@soulreaperichig04 ай бұрын
He would probably answer something like you have to own an olive oil farm to hedge against central banks or else you need to become an artisan. :P
@nandopelusi76994 ай бұрын
Second-order effects are often unaccounted for by knowing or assessing first-order effects of a phenomenon. And it's easy to forget that. It's is an important perspective applicable to decisions in everyday life. In psychology, I saw that secondary problems were often worse than the primary ones, like getting anxious about getting anxious, or depressed about being depressed. The 2nd order accounted for most of the problems.
@mouzziewouzzie23054 ай бұрын
The portion about risk management/ risk taking was great. Would like to hear more about that or read about that
@thedrumbroker5 ай бұрын
Ready for Part 2
@Senecamarcus5 ай бұрын
thank you for sharing this!
@miguelclarkeottovonbismarck5 ай бұрын
Nassim looking quite content and mellow. Good man.
@adlos61685 ай бұрын
I love it, when i see you in a genuine conversation, i learn a lot from you. شكرا كتير استاذ!
@hcubill5 ай бұрын
This book sounds aweso.e! Buying now
@997JM5 ай бұрын
Thank you Nassim for tweeting about this and bringing to our attention. I'll take as much of this as I can get. I emailed Ned about statins to forward to you. I am the dog that only thinks about how to get past the fence.
@asdf8asdf8asdf8asdf5 ай бұрын
Would like very much to hear from Team Taleb about Generative Emergence!
@КириллИщук-я3ю5 ай бұрын
Such a treat ❤ Did NNT ever post his recommended reading list? Apart from the literature review at the end of each book.
@KaySiefert5 ай бұрын
I don't know if this is the right place but I was thinking a lot about NNT's strategies and read all Incerto books (some of them three times). Maybe it is because of my lack of knowledge but options as well as "very safe" bonds always have a counterparty (at least to my understanding). Wouldn't it qualify as a black swan if those counterparties weren't able to fulfill their obligations anymore? If so, this would add another dimension to the barbell strategy because of more implied risk in the 90% which are supposed to be the safe opposites of the 10% high risk trades. What do you guys think and what would be the answer if my assumptions are correct (I know about capital requirements for contracts and so on but again, what if for some black swan reason they don't work out). Thanks for your time
@joweb13205 ай бұрын
Love to see you as a presidential advisor.
@zef1755 ай бұрын
Are we in a market crash?
@jacklosman5 ай бұрын
NNT's Universa is "neither bullish nor bearish". Whether the market is crashing or not is simply not relevant to NNT's investing. The fund is ready and able to take advantage of volatility either way; for instance, in a market crash situation, the fund could take advantage of buying good assets at a fair price when "cash is king".