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.”

Odey’s Brook Fund Posted A Commanding Q3 Return On Long And Short Sides [EXCLUSIVE]

Eurekahedge Hedge Fund Index invest Value InvestingOdey's Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World's total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter's macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha Read More

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