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And, yes, I DO take it personally: Nassim Nicholas Taleb - my hero - and a voice of reason amid the idiots who pass for financial gurus
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Wednesday, May 20, 2009

Nassim Nicholas Taleb - my hero - and a voice of reason amid the idiots who pass for financial gurus

i picked up taleb's book in the dubai airport back in february... i'd never heard of it before but as soon as i got into it, i realized i was reading a very fundamental, profound work... i was so impressed with it, in fact, that i made it one of two required texts for my mba seminar on leadership that starts in june... i will virtually guarantee you, there will be only one or two of the students in the class that will have heard of it before they saw it on the required reading list... sad, eh...?

anyway, here's taleb, giving his none-too-rosy financial outlook...

PBS NEWS HOUR Interview with Nassim Nicholas Taleb, famous economist and author of "The Black Swan" and Dr. Mandelbrot, professor of Mathematics. Both say that the present economy more serious than the Great Depression, and the economy during the American Revolution.

here's the view from brasscheck tv...
A sobering discussion on the nature of the current economic crisis and why this one may be very different from ones in the past.

The problem: globalization adds exponentially to the complexity of potential outcomes, but the banking system is not designed to absorb the kind of rapid and massive changes globalization makes possible.

These aren't two hippies railing against the system. This is one of most insightful mathematicians and one of the most accomplished options traders of our time.

like i've repeatedly said, let's get on with it... watching this slow-mo train wreck is getting really boring...

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