Nassim Taleb is Frightened and Doesn’t ‘Trust Treasuries’

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Nassim Taleb is Frightened and Doesn’t ‘Trust Treasuries’

Nassim Taleb is Frightened and Doesn't 'Trust Treasuries'The U.S. economic situation is so bad, the author of “The Black Swan” said he has “no choice but to own stocks” to “preserve my financial situation.”

“I own stocks,” Nassim Taleb told CNBC Tuesday. “I don’t trust Treasury bonds. I’d rather have a dividend than a coupon. I am afraid of hyperinflation. So I have no choice but to own stock and some real estate to preserve my financial situation.”

Taleb said he believes in an America that is resilient. “You don’t achieve that through bailouts,” he said. “You need the economy to stay vital. You need a rate of failure. What is fragile should break early.”

Gates Capital Management Reduces Risk After Rare Down Year [Exclusive]

Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More

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