Presenting The Idea's Of Nassim Taleb | (Presentation To Miltton Consultancy Firm)
The Incerto Podcast
What Happened to the Market?
Anumber of financial firms taking extremely risky bets and in those extremely risky bets, they were receiving a lot of upside. Thisguy, robert ruby, made a hundred and 20 million dollars alone in, i think, two years before g f sa. So no accountability whateverbut because of the act of bob ruven and hundreds, potentially thousands of other very, very savy financial traders, they leveraged up risk to the point whereas we all know, the market crash. When the market crashed, it was the taxpayer, people completely ignorant and certainly not involved financially in the decisions that led up to the crash, who ended up bailing out the banks.
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