farnamstreet Posted October 19, 2011 Share Posted October 19, 2011 http://goo.gl/a9Xc2 Link to comment Share on other sites More sharing options...
biaggio Posted October 19, 2011 Share Posted October 19, 2011 Thanks for posting. I just finished watching it on your web site. I am surprised how negative he is towards "bankers"...no consulting fees for Nassim. His risk management idea is why I feel most comfortable when management has most of their net worth invested with me so they make money with me not off me. Link to comment Share on other sites More sharing options...
beerbaron Posted October 19, 2011 Share Posted October 19, 2011 It is the prelude to the X-Files returns... sooo much complaining. Just buy banks stocks you hyppie. BeerBaron Link to comment Share on other sites More sharing options...
Myth465 Posted October 19, 2011 Share Posted October 19, 2011 Taleb on point as usual. Link to comment Share on other sites More sharing options...
Green King Posted October 19, 2011 Share Posted October 19, 2011 Thank for posting !! :D Hammurabi’s code, ~3800 years ago, removed the agency problem as a condition for transaction: “If a builder builds a house and the house collapses and causes the death of the owner – the builder shall be put to death. If it causes the death of the son of the owner , a son of that builder shall be put to death.”Everything in past 100 years has been to shield managers from liabilities. Think of Fukushima. Same as what Charlie Munger said about the Rome Link to comment Share on other sites More sharing options...
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