Nassim Taleb on Black Monday, Fed, Market Lessons 

Hifza ahmed yeah last time he was just an anti trump ideologue and kept trying to lead the interview and turn it into his own diatribe

He reads the comments lol

He's a great interviewer for NNT. They get on well.

Not a good idea to interrupt NNT

He is off the coke now.

Except their relatives and testing agencies.

That doesn't make sense. What about the victim's relatives?

@@adamblomberg they are also wearing seatbelts... In the markets everybody crashes at the same time

@@FirstLast-tx3yj In the markets yeah, not traffic accidents. It would be very obvious when the first hundred dies after wearing a seatbelt, undermining public trust.

@@adamblomberg public trust is also lost in the case of crashes and bailouts where it is known that people hate the politicians during a massive economic crash

in Yen

$100 -> $170,000 USD

His notion of skin in the game is so refreshing. It can be used as a heuristic to cut through so much bullshit.

He's an interesting contrast. As a person, he's a jackass who spouts of mindlessly. In his fields of finance, risk, and statistics he's an insightful force to be reckoned with.

@@joeg8304 he's a teddy bear who likes to act snarky on twitter and throw shade at IYI Harvard-Soviet fragilistas in his books. Why do u think hes a jackass?

MrDrey787 yea I’ve never quite understood why so many people say this stuff about him. He has his convictions and doesn’t waver from them. I don’t see how that makes him a jackass or someone who just “spouts off mindlessly”

Thanks

Q> Why do people still use the Black Scholes models? NNT’s A> Because they don’t pay for there losses. Some one else pays for their losses.

Love your channel Sven.

Hi again, and I just ordered the incerto set ;)

Invest with Sven Carlin, Ph.D. really thnx bro will di

شو صار معك؟

great to hear! mind if i ask you what all ideas helped you and how? thanks

In other words, so much of human need is dependent on only hearing what we want to hear.

taleb is a very smart manbaby

@@zelareka At least he's not an actor.

Dundo Der Dumme no you cannot by options of vix! But you can arrange a position of puts and calls of any asset in a way that if the market moves a little you lose a bit; if the market moves a lot you make a lot! And that is independent of the direction that the underlying market moves!

@@EnsonPortela Is there a name for it? Can I look up how it works? I really don't understand how you can aquire such a position with options :D

Dundo Der Dumme a typical example is that you buy OTM calls and buy OTM puts. If the market moves a little or doesn’t move you lose a bit ( OTMs are cheap). If the market moves a lot your OTMs might become ITMs and you make a lot of money. I have seen options going from 5 cents to 10 dollars. Taleb says on the video that he bought 10k of OTM and sold it for 17M!

yes, you *CAN* buy VIX options, and they are a great way to play volatility. If you are interested in options strategies, just search RU-vid, Zacks has a channel with good options strategy content.

Can you please elaborate that. What do you mean by wealth?

in his book "the black swan" he specifically recommends that people don't become traders. while that's a job where you could make millions in a single day, the chances of that happening are so very low. with a regular job, you can reliably earn a living.

the taxpayers or the shareholders

His views are very insightful. If anyone has not read his book "Fooled by Randomness", it is a must read. But, I guess most would have read his book by now. Awesome and pragmatic views.

you have to know what you're doing, he said

Prasanna Nidumolu better taste in suits though

Horizontally challenged tony

Wilfried Dehne buy out of the money put options...

If you have no experience with options don't buy them.

@Alexander Bayer Also, I do not know what is he approach to select how Out of the money should the option be!

@@seanyboyclutch it is not that simple; you have to carefully pick the put options writer, otherwise if they default you won't be able to call the options when they get into the money

@Alexander Bayer it is no more valid today; as of 2021 he stays away from long term sovereign bonds, from currencies and stocks; likes gold, put options, and very short term fixed-income securities

He’s talking about the Eurodollar. Google it!

EuroDollars is an interest rate instrument and it is not related to the Euro currency at all (despite the name). I would say it is one of the most popular (if not the most popular) futures contract offered in the USA.

@@PaulRBerg Thx, I didn't know that. Indeed, one could swear it was designed to be confusing =/

Broken Clock Theory

he doesn't hate him; he despises him; it's a different thing

Yes, I do pity those who try following him without having read one of his books beforehand.

shut the fuck up no one gives a shit

stop begging for attention

To summarize, you are either a fool or a troll.

@@alfredthepatientxcvi :))))