Nassim Nicholas Taleb on Black Swans
EconTalk
00:00
The Only Rational Thing We Do
If you give people a lot of stocks to pick from, they're not going to use e the uni portfolio theory. Tey tend locate non rationally, not using the gausanc and er anderand i m m,. My revote that it's the only rational thing we do. And when i saw aa criticism of the vesansacess irrational, i realized. Infact, imay want the very simple, simplest evidence. Take how many stocks we have listed to day. We have less the ten thousand stocks listed in america. So here you have ten thousand, ok. You e tta ten thousand stocks, okits going to be dominated overr
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