Nassim Nicholas Taleb talks about the challenge or failure of predications and Black Swans. Recorded before the current global economic turmoil
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Nassim Taleb, author of Fooled By Randomness and The Black Swan, talks with EconTalk host Russ Roberts about antifragility, the concept behind Taleb’s next book, a work in progress. Taleb talks about how we can cope with our ignorance and uncertainty in a complex world. Topics covered include health, finance, political systems, the Fed, your career, Seneca, shame, heroism, and a few more.
Nassim Taleb is a literary essayist, hedge fund manager, derivatives trader and professor of risk engineering at The Polytechnic Institute of New York University. But he is best known these days as the author of The Black Swan: The Impact of the Highly Improbable. During a recent visit to Wharton as part of The Goldstone Forum, he spoke with Wharton finance professor Richard Herring — who taught Taleb when he was a Wharton MBA student — about events in the Middle East, the oil supply, investing in options, the U.S. economy, the dollar, health care and of course, black swans.
The President of the Aspen Institute, Walter Isaacson joined by Niall Ferguson, author of The Ascent of Money , Indra Nooyi, Chairman and CEO of PepsiCo, Eric Schmidt, Chief Executive Officer of Google, and Nassim Taleb, scholar of randomness and risk and author of The Black Swan together will examine:
What will the American economic system look like in the months and years ahead?
Who are the innovators currently shaping the future?
What will be the role of business in that future?