David Cameron in conversation with Nassim Taleb
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- čas přidán 15. 06. 2024
- David Cameron MP and best-selling author Nassim Taleb discuss what measures need to be taken, in the wake of the economic crisis, in order to create a more Black Swan-robust society.
I love this guy, i wish he cold be more available in times like these.., I wish to see him at Joe Rogan or something..,
He has said before that he doesn't go on podcasts that host charlatans or BS vendors. Joe has had a looooooot of those.
Not sure why one would be willing to talk to David Cameron, but not to Rogan.
Joe rogan viewers aren't exactly the most intelligent. Don't think nassim would go that low
Lol as if Rogan would have anything intelligent to ask him. Taleb's position about rejecting his invitation if that happened is clear.
rogan is a major quack under quacks
This man should be listened to and taken seriously. Thanks Nassim.
Peter Heise come back
read more
Thank you for everything Nassim
So now little David has created his own Black Swan...
Black Swan Event by definition is something you don't see coming. Brexit was not a Black Swan because you are aware of the possible outcomes way before it happens.
My guess is that Cameron thought of the Brexit vote passing as a Black Swan even if rational minds didn't. Remember he is a posh boy who got everything he ever wanted up to that point, he used to run a club that committed major acts of vandalism simply to prove its members were rich enough to get away with anything. He won two elections on the basis of enriching a small elite at the expense even of those who voted for him. From his perspective the electorate not behaving precisely as their masters told them was four standard deviations to the right. (Note I didn't vote for Brexit or think it was a good idea, my point is simply about Cameron's attitude)
Holger K. von Jouanne-Diedrich I bet he thinks of this talk often
He's too smart for this audience
Pisses me off that the audience doesn't laugh at his jokes...
actually, taleb hates programmed laughs
Most of the things which Nassim talks about are unconventional. It's difficult for an average programmed mind to capture what he says.
@@DrunkCatEyeless
There's nothing "programmed" about laughing at a joke.
Legit Points, I am surprised he even got a stage to expres them. Usually the 'establishment' does anything to take away the mic.
nassim is the man
David Cameron, you came(!) & you conversed. Much appreciate it.How much didn't I know you before.
Welcome to 2022, were once again Nassim Taleb is proven right.
the royal society for putting things on top of other things
The reaction to this interview is discussed in 'skin in the game'
“Mother Nature does not like leverage, Mother Nature does not like too big to fail.”
This guy is a genius
Is it to late to read it, Dave?
listening while the world is hit with a virus called covid 19. Having read Black swan, Antifragile by Nassim Nicholas Taleb. The ideas are ruminating.
Maybe that's why Cameron is now trying to take UK out of EU. to reduce interdependence and risk contagions coming from EU.
Cameron understood many of NNT’s lessons. Primarily aiming to reduce deficit as a means of reducing overall debt exposure - he failed but at least he was aiming for the right thing. Debt is toxic and is an existential risk for the West. We can overcome it but it needs action.
He lit the match of the single most destructive idea that has befallen the UK in its history.
@@adolfgarlic4157 Brexit? Brexit is irrelevant.
@@Withnail1969irrelevant????
@@PleaseSayYesTV Our current economic problems are nothing to do with Brexit.
One can reduce the probability of Black Swans by changing the regulatory framework in which markets operate. It is the concentration of wealth in few hands that is causing danger to the rest of society..in a free market.
We need to control the largest animals in industry and finance.
4:50 we live in a world that is much more fragile
i like the fact that Cameron is looking to experts for new ideas on how to tackle the situation
They are gimmicks, as usual.
There is always an end.
yeah on this side of the pond the favored " intellectual" of the administration is krugman... UGH...
Artfully predicting how hyperinflation happened decade prior
he didn't read the book
We all of course know that some of us can be brilliantly rational in certain areas of our lives, whilst being brilliantly irrational in other areas. Look at Newton, as case in point. He was a brilliant scientist and mathematician on the one hand, whilst at the same time he thought he would actually be able to create gold from base metals in his home lab, and believed in the divine. It's nuts!
defiinitely.
EU is a bad idea through and through. talk about "too big to fail" ...
found the russian bot
You know that there are very very few people in the UK who are creationists right?
What he said at @24:09 Oakeshott and ???
also trying to get that one for the last half an hour
@@cristianburich6828 Oakeshott and Bruno.
Michael Oakeshott
Giordano Bruno
(but I'm not sure about this)
Ernest Renan.
❤
5:35 You can have interdependence not a big deal but you can't have too big to fail you have to make sure that something happens that consequences are manageable.
6:26 Mother nature does not like Ricardo concept. One country specialized in wine and other country specialized in cloth or some other item. Mother nature do the opposite of specialization we call functional redundancy or degeneracy for eg mother nature assume your lips to eat to talk to taste a lot of things. So it's the opposite of specialization so mother nature can show us how to build a robust system a system that can withstand huge deviations and stay standing.
Simple solution: add another, then another shell!
Nassim Nassim Nassim 💜
11:24 - Taleb makes the startling statement that overconfidence leads us taking on excessive debt instead of issuing equity. The MM theory of finance teaches us the opposite - in a perfect world the value of the corporation is unaffected by how much debt relative to equity there is, since markets perfectly adjust their portfolios to achieve true value.
10:20 - Taleb distinguishes between trader-to-trader ('Brooklyn') derivatives and MIT derivatives of academia. The latter is the problem.
There are swans that are naturally black. What happened is more like a white swan that was deliberately and meticulously tarred black over a span of several years.
Human wisdom : an action intellectual reduced to common sense
The problem with Taleb's antifragility model is that when the players all move toward that position, the fragility domain changes and needs to be redefined meanwhile new castles are formed, but it will take corrections to find the new information. This is due to human hubris which cannot be managed.
+Cascade3891 In the UK we have Darwin on the £10 note. This is not controversial.
So what? What does Cameron's personal opinion on evolution, have to do with his ability to understand Black Swans, or, for that matter, whether Taleb knows anything about Cameron's beliefs/opinions?
And then David Cameron called the Brexit referendum if only he'd listened to Taleb XD
That's American conservative. British conservatives are usually just born rich.
One can reduce the probability of Black Swans by changing the regulatory framework in which markets operate. It is the concentration of wealth in few hands that is causing danger to the rest of society..in a free market.
So prescient! COVID19 confirms his story
David Cameron now PM not MP
David Cameron now is the ex-PM and pig fucker.
12:18 Islam does not ban debt it bans interest, in fact the longest verse in the Quran (quran.com/2/282) exclusively discusses debt and how to manage it.
But without interest, why would anyone give money?
Automatic Diaphragm
Many do without.
If you're asking why people help each other without expecting counterpart , you should live in a different planet.
Islam urges those with the capacity to lend to do so, and do it often, this is a valued form of charity due to its role in helping the less fortune and benefiting society in general. Islam promises earthly and afterlife reward for those who take such risks. Moreover, Islam urges the lenders who come to realize that their borrowers will not be able to pay, or do so with considerable difficulty, not to ask for payment.
I would argue that moderate interest has motivational aspect to it.
theologically sound point, realistically it's absolute bullshit and the rate at which it occurs is closer to 0 than you would like to think
Cameron looks like Mark Z.
Even before watching it i can tell it will have aged shy t leigh
taleb is so handsome =]
Digital currency, What a concept! My bit coin is worth my initial investment of my promise of future labor.
Do you still have Bitcoin?