Charlie Rose interviews Nassim Taleb, author of the Black Swan. Taleb calls Nouriel Roubini (who correctly called this economic and financial crisis) an 'optimist'. Rose has a mild heart attack, and is stunned into brief silence.
Helluva an interview. (Helluva a book.)
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Hi Ben,
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http://www.traderwork.com/
My blog is about options/stock trading and I will post articles and my trading journal.
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Thanks a lot!
Paul Liew
http://www.traderwork.com/
I've not read the book, but this strikes me as straightforward 18th Century scepticism, viz David Hume and the denial of a necessary connection between cause and effect.
It's a great book. If you are versed in quantum mechanics and chaos (Q drives C) you will see where Nassim comes from. His take on history is original and his reliance on common sense and murphey's law makes for a good read. I agree with his take on the economy because of the unexpected black swans of the climate, the fact the US has no money based on misuse of tech (he's a quant) and the destruction of the Glass-Stegal act enabled by Rubin and Gramm as the prime generators of this ongoing disaster. It's a good book and Ben is right on Rose's take.
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