nntaleb: I read nothing from the past 300 years; I drink nothing from the past 3000 years; but I talk to no ordinary man over 40.
Aha! Made it to YouTube.
Nassim Taleb (Synopsis): Go no-risk with a small percent and high-risk with the rest. For the speculative component, short the S&P and be long in precious metals; bet on hyperinflation with OTM calls on gold and puts on bonds; short USTs as long as Bernanke and Summers are in office; trade on the breakup of Europe. Russia is stable.
Link to full video, Taleb is the 3rd speaker. From The Russia Forum 2010: http://2010.therussiaforum.com/news/session-video3/
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Taleb Audio Only
nntaleb: In science you need to understand the world; in business you need others to misunderstand it.
nntaleb: In science you need to understand the world; in business you need others to misunderstand it.
nntaleb: CNBC journalists are imbeciles. "You need skills to get a BMW, skills + luck to become a Buffet" -> into "Buffet has no skills". Imbeciles.