3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Taleb and Spitznagel's Critical View of the World

Taleb and Spitznagel have had a big influence on me, you know, for a long time. I look at markets and I see fear and greed; when you think rational, that's not. So yeah, lots of times the market is acting pretty normally. But when Amazon is going to the moon, everybody piles in, it makes no money for years and years. Is that rational? Because stock prices are supposed to be for projections of future earnings for investors.

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