Nassim Taleb on Risks, Gold, Private Markets, Trump Tariffs
Nassim Taleb, author of “The Black Swan,” and scientific advisor at Universa Investments, says he doesn’t think the “consciousness of risks” has improved over the last 25 years. He discusses the increasing US deficit, gold as a reserve currency, the opacity of private markets, and why the Trump administration’s approach to tariffs “makes no sense.”
00:00 - Taleb on “consciousness of risks”
02:12 - What drives markets
04:23 - Taleb on the US dollar and gold as a reserve currency
07:18 - Nassim Taleb on hedge funds and the opacity of private markets
09:33 - Trump administration’s tariff approach “makes no sense,” Nassim Taleb says
"Citi calling a time out on gold" BB quotes. "how do they know?" says Taleb?. Per Vince, it appears the Citi call is not a forecast, it is an instruction to its clients to swap gold for other assts, like industrial metals and miners.
Question: Do Citi clients just do what the bank reports tell them to do? Dont they have their own thinking process and internal forecasting system?
He schooled the talking heads. Quite good.