Nassim Nicholas Taleb has authored three books, but The Black Swan is the best (one of the best books I ever read), and is required reading for all Value Walk readers. Taleb recently spoke at Cambridge. Nassim spoke on “Neomania and the Procrustean Bed of Technology”, in which he considers the organic evolution of true innovation as opposed to the neomaniac obsessive consumption of new technologies, the vast majority of which are neither memorable, nor have longevity. He goes on to consider how the organic process of innovation has been undermined by statist reactions to the financial crisis and the implications this has for our susceptibility to future financial strife.
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More