Money and Finance
Inequality, Free Markets, and Crashes - By Nassim Taleb & Mark Spitznagel
Link to: Inequality, Free Markets, and Crashes
Nassim Taleb and Mark Spitznagel talk about how government intervention postpones the inevitable.
Mark Spitznagel and Nassim Taleb started the first equity tail-hedging firm in 1999. Since then these two friends and colleagues have helped popularize so-called “black swan” investing, with Spitznagel as the founder and CIO of hedge fund Universa Investments and Taleb as an academic and author of The Black Swan. The two men recently sat down to discuss Spitznagel’s new book, The Dao of Capital, as well as their reactions to and criticisms of Thomas Piketty’s book, i. Here is a transcript of their conversation:
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Related book: The Dao of Capital: Austrian Investing in a Distorted World
Related article: The Moat, the Millions and the $50 Timex Watch
[H/T Jim]
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Links
A Dozen Things Learned from Charlie Munger About Benjamin Graham’s Value Investing System (LINK) Related book: Charlie Munger: The Complete InvestorTren Griffin talks with Forbes about his book on Charlie Munger (LINK) James Chanos discusses China...
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Harari On Hindsight...
From Sapiens: A Brief History of Humankind: "...the better you know a particular historical period, the harder it becomes to explain why things happened one way and not another…In fact, the people who knew the period best – those alive at the...
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Links
Michael Mauboussin and Dan Callahan: Animating Mr. Market (LINK) Mark Spitznagel: The Myth of Black Swan Market Events [H/T James] (LINK) Ackman and Dalio, Two Hedge Fund Titans, Size Each Other Up (LINK) Bill Ackman interview on Bloomberg (video) (LINK)...
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Two Must-read Books That I've Come Across Over The Last Month...
1. A Few Lessons from Sherlock Holmes by Peter Bevelin (also available in Kindle format HERE) 2. The Dao of Capital: Austrian Investing in a Distorted World by Mark Spitznagel (also available in Kindle format HERE)
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Nassim Taleb On Econtalk
Nassim Taleb, author of Fooled By Randomness and The Black Swan, talks with EconTalk host Russ Roberts about antifragility, the concept behind Taleb's next book, a work in progress. Taleb talks about how we can cope with our ignorance and uncertainty...
Money and Finance