It was an amazing talking! Mr. Taleb is a real hero and dare to speak the truth for the public good. He teaches our ordinary how to live better in this confusing world. "(Teach) Nothing is better than (teach) something bad." --this is what we'll never know from the public media.
"Geddy once joked, 'You're the only guy I know who rehearses to rehearse!" - Neil Peart "You're describing business schools as giving students a map of the Pyrenees...they want that map." - Daniel Kahnemann "The map is not the territory." - Alfred Korzybski 55:14 A manly voice has its time and place, this forum was the time and place. Our universities know about the work of Nassim Taleb, but they continue to teach what they "think" they know. As students we were under "false" impressions that education was about learning how to learn, to prepare/train for the jobs of tomorrow. The academic silos seem ill equipped for what may be relevant and for what is to come. More than a few graduates embraced what the system was willing to advocate. Coming to light is the uncomfortable knowledge that learning, for the next decade or so, will concern the skills of unlearning and relearning. Seems to many of us that education is due for a revolutionary discharge and retooling. The system has run its course. An eye for in-your-face theatrics provides inexpensive entertainment and collateral effects. Question for Daniel Kahnemann and Nassim Taleb: Is might right? Network - "I'm made as hell" speech czcams.com/video/q_qgVn-Op7Q/video.html Careful as we will, careful as we go.
I would really love to talk with Mr. Taleb about his observations. Especially in regards to buying and selling options. I've already live through two black swan events. Luckily, I am still here. I hope to profit from many more.
Yep, that seemed unexpected and didn't square at first. His explanation comes late in the video. Taleb points out that the banks have a utility role; we want our credit cards to work, etc. He thinks that part of banking should be taken away from people that cannot be trusted. He still wants a second tier of free market banking represented by hedge funds (which should NEVER be bailed out). His "nationalization" translates into running a tightly controlled organization to perform a limited role.
@cjatasu I think what he means is we should 1) stop subsidizing banks with taxpayer-and-debt-funded capital, and then, by extension 2) nationalize those which cannot survive.
I think that what may be considered a rare event to one person may not be considered a rare event to another. Perhaps assessment of rarity depends on one's perspective and imagination.
It was an amazing talking! Mr. Taleb is a real hero and dare to speak the truth for the public good. He teaches our ordinary how to live better in this confusing world. "(Teach) Nothing is better than (teach) something bad." --this is what we'll never know from the public media.
Awesome. Nassim is right on everything.
Thanks there can't be too much of this on CZcams
"Geddy once joked, 'You're the only guy I know who rehearses to rehearse!" - Neil Peart
"You're describing business schools as giving students a map of the Pyrenees...they want that map." - Daniel Kahnemann
"The map is not the territory." - Alfred Korzybski
55:14 A manly voice has its time and place, this forum was the time and place. Our universities know about the work of Nassim Taleb, but they continue to teach what they "think" they know. As students we were under "false" impressions that education was about learning how to learn, to prepare/train for the jobs of tomorrow. The academic silos seem ill equipped for what may be relevant and for what is to come. More than a few graduates embraced what the system was willing to advocate. Coming to light is the uncomfortable knowledge that learning, for the next decade or so, will concern the skills of unlearning and relearning. Seems to many of us that education is due for a revolutionary discharge and retooling. The system has run its course. An eye for in-your-face theatrics provides inexpensive entertainment and collateral effects. Question for Daniel Kahnemann and Nassim Taleb: Is might right?
Network - "I'm made as hell" speech
czcams.com/video/q_qgVn-Op7Q/video.html
Careful as we will, careful as we go.
I would really love to talk with Mr. Taleb about his observations. Especially in regards to buying and selling options. I've already live through two black swan events. Luckily, I am still here. I hope to profit from many more.
If we had teachers like these our countries would be light years ahead of China
Yep, that seemed unexpected and didn't square at first. His explanation comes late in the video. Taleb points out that the banks have a utility role; we want our credit cards to work, etc. He thinks that part of banking should be taken away from people that cannot be trusted. He still wants a second tier of free market banking represented by hedge funds (which should NEVER be bailed out). His "nationalization" translates into running a tightly controlled organization to perform a limited role.
I thought he was uncompromised and smart until 38:30
"Dept should disappear, and it is disappearing", little did he know..
@cjatasu I think what he means is we should 1) stop subsidizing banks with taxpayer-and-debt-funded capital, and then, by extension 2) nationalize those which cannot survive.
Is it just me, or maybe the language barrier... But doesn't there seem to be palpable tension when Taleb speaks?
What was the crisis?
I think that what may be considered a rare event to one person may not be considered a rare event to another. Perhaps assessment of rarity depends on one's perspective and imagination.
A Lebanese-American (Nassim) and an Israeli-American (David).
The Levant is where they were born then then immigrated to America.
Digital Life Design Conference (DLD) in Munich on January 27th
Taleb almost lost his cool towards the end.