Dr. Taleb, author of “The Black Swan,” takes apart our foreign and monetary policies. Why do neocons and mainstream media keep pushing war and conflict? They face zero risk. This is something new in history. Those who decide on interventionism overseas are never harmed by the interventions. Plus…are we headed for a market crash that makes 2008 look like a picnic? And if so, what will the aftermath look like?
Black Swans And Interventionistas…With Special Guest Nassim Taleb
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More