Edge of the Financial Cliff
Nassim Nicholas Taleb is a genius. I have read two of his books, and his approach to finance and markets is revolutionizing the industry. Whether it be the concept of Black Swans, the application of Mandlebrotian distribution curves to financial events, or the Via Negativa as a way of life, the guy sure seems to have his head on straight about risk and reward.
Your lecture of the week this week is an interview of Mr. Taleb about bankers using other people’s money to get rich. Enjoy.