Nassim Nicholas Taleb

Egypt, Black Swans and the Bed of Procrustes

Carlo Strenger | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, Egyptian Protests, Celebrity, Prediction, FInancial Markets, The Bed of Procrustes, Central Intelligence Agency Obama, Books News

Americans pay $80 billion a year for intelligence agencies. But why does society pay analysts phenomenal sums of money for systematically failing to predict the events that impact our lives most deeply?

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A Walk Through Paris With Nassim Nicholas Taleb

Vivian Norris | Posted 05.25.2011

Read More: Force and Fragility, Economics, Ralph Nader, Nassim Taleb, David Cameron, Fooled by Randomness, Aphorisms, Benoit Mandelbrot, Low Interest Rates, The Bed of Procrustes, Vivian Norris, Banking, Financial Crisis, Black Swan Book, Nassim Nicholas Taleb, Business News

Taleb has been criticized, but he tells it as he sees it, whether or not everyone agrees.

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Federal Reserve 'Will Be Gone' In 25 Years, Top Financial Mind Predicts, Despite Geithner's Vote Of Confidence

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, Economic Stimulus Package, Bailout, Great Recession, Nassim Nicholas Taleb, Financial Crisis, Nassim Taleb, Timothy Geithner, Black Swan, Business News

A mere half-hour after Treasury Secretary Timothy Geithner praised the "necessary" and "very substantial" actions of the Bush and Obama administration...

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The Competing Black Swans of Climate Change

Andrew Winston | Posted 05.25.2011

Read More: Hottest Summer on Record, Jared Diamond, Nassim Nicholas Taleb, The Big Short, Pakistan Floods, Sustainability, Michael Lewis, Climate Change, Guns-Germs-and-Steel, The Black Swan, Russia Drought, Green News

Since the last Ice Age, our climate has not changed enough to threaten the viability of the species. So we make the error of confirmation and assume that it won't change much going forward.

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In God We...Invest

Jeff Schweitzer | Posted 05.25.2011

Wall Street is our secular religion. As with more traditional beliefs, faith trumps reason. That explains our willful blindness to the obvious scam, the fantastic story told to us by billionaire bankers.

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Nassim Nicholas Taleb: The 'Fragility' Crisis Is Just Begun

Christopher Lydon | Posted 05.25.2011

Read More: History, Philosophy, Radio Conversation, Economy, Nature, Brown University, Nassim Nicholas Taleb, Future, Black Swan, Events, Christopher Lydon, Fragility, Robustness, Books News

For a world that wants better than the fatuous "perfect storm" account of the economic meltdown -- or of BP's gusher -- Taleb has revised and extended his cult classic, The Black Swan.

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â€˜Black Swan' Author Concerned About Hyperinflation

BusinessWeek | Subramaniam Sharma and Bob Chen | Posted 05.25.2011

Read More: New Delhi, Nassim Nicholas Taleb, The Black Swan, Hyperinflation, Books, Books News

Nassim Nicholas Taleb, author of "The Black Swan" about how unforeseen events can roil markets, said he is concerned about hyperinflation as governmen...

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Nassim Taleb Kills $20 Billion Mythical Swan, WSJ Crashes Credibility

Janet Tavakoli | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, Financial Crisis, Black Swan, Stock Market Crash, Wall Street Journal, Financial Reform, Universa, Business News

Malfeasance, not models, disrupted the global economy, and Taleb still gets that part wrong. Black Barts imitating the gentleman highway robber -- not black swans -- caused most of the damage.

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Taleb: What We Should Do About Debt

ft.com | Nassim Nicholas Taleb | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, Debt, Black Swan, Stimulus, Debt to Equity, Business News

The core of the problem, the unavoidable truth, is that our economic system is laden with debt, about triple the amount relative to gross domestic pro...

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The Case of the Missing Stock Data

Michael Martin | Posted 05.25.2011

Read More: Merrill Lynch, Subprime Mortgages, Lehman Brothers, Subprime Mortgage Crisis, Enron, Nassim Nicholas Taleb, Warren Buffett, Aig, Bernard Madoff, Bear Stearns, Business News

With the demolition of Wall Street firms, something important is disappearing too: their share price data from the stock exchanges.

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Taleb: Global Crisis "Vastly Worse" Than 1930s

Bloomberg | Shiyin Chen | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, Economic Crisis, Global Economic Crisis, Business News

The current global crisis is "vastly worse" than the 1930s because financial systems and economies worldwide have become more interdependent, "Black S...

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Warren Buffett: The Oracle Speaks

Judith Ellis | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, Warren Buffett, Arianna Huffington, Wall Street, Charlie Munger, Moody's, Financial Crisis, Business News

Mr. Buffett and Mr. Munger speak about the dangers of mathematical theories. But where were they before now?

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Goldman Sachs Counts on Society's Implicit Stop-Loss Order

Nassim Nicholas Taleb | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, Goldman Sachs, Nassim Taleb, Goldman Sachs TARP, Goldman Sachs Bonuses, Nassim Taleb Goldman Sachs, Business News

So long as Goldman Sachs may need us again in the future, whatever bonus they are paying today is a bonus that may be covered by the taxpayer tomorrow.

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Taleb's Black Swan-proof World: Ten Principles

Financial Times | Nassim Nicholas Taleb | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, Nassim Taleb, Black Swan, Taleb, Socialists, Business News

1. What is fragile should break early while it is still small. Nothing should ever become too big to fail. Evolution in economic life helps those with...

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Black Swan Author Nassim Taleb Joins Arianna on CNBC's Squawk Box

Huff TV | Posted 05.25.2011

Read More: Carl Quintanilla, Video, Squawk Box, Arianna on CNBC, Cnbc, Black Swan Event, Nassim Nicholas Taleb, Arianna, Nassim Taleb, Becky Quick, Black Swan, Joe Kernen, Arianna Huffington, Business News

Nassim Nicholas Taleb, author of The Black Swan, joined Arianna on Squawk Box to discuss the financial meltdown, mark-to-market accounting and ways to...

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Resuscitating CNBC with Reliable Rationale and Reason

Judith Ellis | Posted 05.25.2011

Read More: Senator Richard Shelby, Senator Chris Dodd, Ge, Squawk Box, Nouriel Roubini, Nassim Nicholas Taleb, Federal Reserve, Congress, Jim Cramer, Dick Cheney, Cnbc, Aig, JP Morgan, Congressman Barney Frank, Jon Stewart, John King, Arianna Huffington, Timothy Geithner, Media News

Squawk Box this Tuesday promises to be interesting with both professionalism and punch.

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I'm Guest Hosting CNBC's Squawk Box, and I'd Love Your Suggestions

Arianna Huffington | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, Arianna Huffington CNBC, Nassim Taleb, Nouriel Roubini, Squawk Box, Cnbc, Home News

I'm going to be guest hosting CNBC's Squawk Box Tuesday morning. Among my guests will be saw-the-meltdown-coming economist Nouriel Roubini, Black Swan author Nassim Taleb, and chairman of the House Financial Services Committee, Barney Frank. I'd love to hear what questions you'd like me to ask them. Please put your suggestions in the comments section of this post, then tune in to CNBC from 7 to 9 am Tuesday morning. Memo To Obama's Economic Team: Get Some Sleep! Take the Steering Wheel out of Geithner's Hands Larry Summers: Brilliant Mind, Toxic Ideas Watch: Arianna Discusses Obama's Afghanistan Policy, Bank Bailout On Larry King Live, and Arianna Discusses Tim Geithner on Larry King Live

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Should Geithner, Summers, Bernanke et al. Go?

Judith Ellis | Posted 05.25.2011

Read More: Nassim Nicholas Taleb, John Bogle, Larry King LIve, Chris Dodd, Richard Shelby, Arianna Huffington, Timothy Geithner, Larry Summers, Aig, Finance, Deregulation, Tresury Secretary, Economic Growth, Ben Bernanke, Politics News

Nassim Nicholas Taleb addresses some very important issues in an interview with CNBC. On my blog I have written more than a few posts on this brillian...

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Tim Geithner, CNBC, and the Second Coming of Known Unknowns

Arianna Huffington | Posted 05.25.2011

Read More: Erin Burnett, Jon Stewart, Cnbc, Jon Stewart Rick Santelli, Jon Stewart Cnbc, Paul Krugman, Timothy Geithner, Real Time With Bill Maher, Paul Krugman Economy, Simon Johnson, Erin Burnett Real Time With Bill Maher, Timothy Geithner Treasury Secretary, Economy, Nassim Nicholas Taleb, Bailout Outrage, Business News

AIG's CEO prefers not to say who has our money. Same with the Fed. Same with Bank of America's CEO who prefers to go to court instead of saying who got bonuses. It's time to call in all the knowable unknowns.

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Alpha Financial Dogs Nouriel Roubini and Nassim Taleb, Socks Clinton and First Annual Lucky Award given to Mickey Rourke!

Wendy Diamond | Posted 05.25.2011

Read More: AnimalFair.Com, Dev Patel, The Lucky Award, Bill Clinton, Sydney Pollack, Socks, Kate Winslet, Bloomberg News, Nouriel Roubini, PetSmart.Com, Anthony Minghella, Adoptions.Petsmart.com, Mickey Rourke, Nassim Nicholas Taleb, Betty Currie, Sean Penn, The Reader, Random House, Slumdog Millionaire, Harvey Milk, Wall-E, 81st Academy Awards, Elegy, Kodak Theatre, Penelope Cruz, Vicki Christina Barcelona, Oscars, Paris Hilton's Tinkerbell, Heath Ledger, The Times, Vino, Style News

In honor of the 81st Academy Awards, I decided I wanted to start the first annual Lucky Awards. It's not about glamour, but the person or film and their contributions to a greater good.

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Continued Inane Ideology is Insane

Judith Ellis | Posted 05.25.2011

Read More: Bank of America, Merrill Lynch, Oil Prices, Stimulus Package, Donald Trump, Nassim Nicholas Taleb, Welfare, Bailout, Obama Stimulus Package, Politics News

Some who are against the stimulus package are so because of an ill-conceived ideology that the poor will be living large on their hard earned dollar.

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