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.
"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?
"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.
The world is full of people that talk others down…yet never think….taleb thinks….what a great mind