Nassim Nicholas Taleb on Black Swans
EconTalk
00:00
How to Build Wealth, Ore in Decision Making?
i classify the world abbictable in two categories. I wanted to either be neutral, all right, or immanslep positive. What people call risky and not risky are often risks. For example, if you use the mark of wits, or use on any of this junk sience, your portfolio is very prone to model error. Or gasse yo, can have a black swan in it. G if you take the same average risk putting 80 % of your cash in treasury bills, ok, and hire two security guards, and hire someone to spy on the security guards, all right,. And put the bills in the bank, ok. Whatever you ant amsin
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