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Nassim Taleb

No, No, This Time They Mean It

By |2018-01-10T17:27:37-05:00January 10th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I thought he might wait awhile longer given how things have played out. I guess not. Bill Gross, the former “bond king” at PIMCO, was back to advertising his position that the great bond bull market of the past quarter century is finished. In a tweet from his new employer Janus (h/t ZeroHedge) it seems there is no level for [...]

Still The Same Greece, Still The Same Math

By |2015-07-08T12:58:06-04:00July 8th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

In April 2008, Nassim Taleb was becoming a household name criticizing the quant dominance in finance. Bear Stearns had just failed and the entire edifice of mathematical order was still breaking down, as the last bastions of credit default swap “supply”, the monoline insurers, were still rumored to be heading for insolvency (while the nightly news focused on whether that [...]

Liquidity And Bubbles As Systems Theory; Or Inevitability

By |2014-12-22T16:50:44-05:00December 22nd, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

I have to thank my colleague Joe Calhoun for passing alone a very topical article written by Nassim Taleb and Gregory Treverton in Foreign Affairs. Taleb is, of course, well-known for his “black swan”, but it is really far more than that as it gets to the failure of modern economics as nothing more than a study of statistics. Conventional [...]

Random Interesting Links

By |2012-06-05T15:22:37-04:00June 5th, 2012|Commodities, Economy|

It won’t be easy.  But if we are really going to achieve something good, for our clients and for ourselves, we’re going to have to defy Puttnam’s Law. No pain, no gain.  (Bob Seawright, Above the Market) At today’s price of $2.43 per million Btu at the Henry Hub—though up 28% from the April low—drilling is destroying capital at an astonishing [...]

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