Pure Genius...Spend a few minutes w/h Nassim Taleb

[John Ranalletta]

For another informed opinion of how we got to this point, economically, here's 20 minutes of pure genius.

 

I'd trade Paulsen and Beranke for Taleb in a heartbeat.

 

Oh, if you're thinking the market will rebound in any significant way soon, pour a glass of good whiskey to help you through the interview.

[Bud]

We didn't get here over night, we won't get out over night either.

 

I think the problem in the next election will be that the incumbent hasn't done enough to solve the problems of this recession.

[John Ranalletta]

Sorry, but I don't see the relevance of who is the current or next office holder in Washington to the primary issue.

 

IMO, Taleb's gives insight into how we might live our lives differently. Instead of building ladders of debt to imagined levels of success, perhaps we concentrate on becoming good at what we do, save and invest our money conservatively.

 

IMO it also speaks to the value of trying to achieve simplicity rather than complexity. People invested in companies, instruments and markets they did not understand and doing so bit them in the ass.