Video: Black Swan Dr. Nassim Taleb speaks to students at JMU -- Sep. 24, 2010
The Taleb speech highlights are cut throughout the 3-minute clip.
Warren Buffett gets a verbal swat. Goldman Sachs is the target, and it includes some interesting discussion of the relatively benign Silicon Valley tech bubble aftermath vs. the utter devastation created by the housing, securitization and derivatives bubble.
Inisde I've also included links to the best Taleb clips of all time, with Roubini, Hugh Hendry, kicking Bob Rubin's ass and several more.
- "The unique solution to the system is de-financialization. How do we create the right environment? By weakening the banks rather than strengthening them. What we need is a progressive transformation of bank debt into equity."
All of these are classics: