A true masterclass in interviewing. A smart interviewer who likes to listen (but not to his own words), who manages to produce a clean Q&A without permanent interruption or talking at the same time, who gives interesting questions that deserve (and get) original answers, and, most astonishing, who doesn't look utterly dumb compared to Nassim. Looking around on KZread it might seem otherwise like a tragedy that one of the smartest and most pragmatic persons of our times seems to be constantly interviewed by embarrassing jerks who interrupt him all the time. Very enjoyable and informative interview.

@Value-Investing

3 жыл бұрын

he was terrible a few years ago, now a master:-) One thing we have to always keep in mind, people and other things can improve!

@beaucannington8616

3 жыл бұрын

Plus, it helps to interview someone you actually admire and respect, like he does with Taleb.

@MrUbi

3 жыл бұрын

Great interview ... on both sides of the interview :-)

@littlehx1

3 жыл бұрын

被v。

@rogerk.8600

3 жыл бұрын

Rare common sense! Great interview with a brilliant man.

Prof Nassem may you never get tired to share your light..

Mr. Taleb has been reading 30-60 hours a week since youth. His enthusiasm for knowledge and teaching is fantastic. I’ve finished fooled by randomness and am halfway though antifragile. Randomness is really good, the mind discounts luck in our achievements

@blazodeolireta

3 жыл бұрын

48:27 he can also speak a little Italian?

Erik is a great interviewer imo, compared to others, because he actually let's the interviewee do most the talking that they were brought in for!

@gordongordon98

3 жыл бұрын

Eric must be quite smart, as he is a great listener

@tymbltechnologiesinc2992

3 жыл бұрын

Pretty rare these days for some reason. He stands out.

Thank you Eric for such a great interview. Loved your questions and keeping the interview flow in order. Always good to hear Dr. Nassim Taleb's views.

interviewer: describes Nassim as a contrarian Nassim: "I'm definitely not a contrarian"

Almost Feb 2021 and this interview is aging well already. I wish I could upvote this thousands of times. I love NNT

Why does this look like it’s filmed in the 90s on VHS?

@rsixsta

2 жыл бұрын

Hard to comprehend with terrible audio

Praise to Mr. Nassim. Everytime I read or listen to this man speak, i always get nervous as his ideas always forces me to re-assess my risk appetite. I think he is one of the greatest thinkers of our time and I'm grateful to have learned so much from him. He is the counterbalance to mainstream media's "stocks only go up" nonsense.

Nassim Taleb is Nassim Taleb. When he talks, you listen. Nothing else needs to be said. However, it must be pointed out that Erik Schatzker did a great job interviewing him. Kudos.

@DerDop

3 жыл бұрын

It's the First time i"m hearing of him. The guy has common sense and he commands respect.

@biggusriggus7150

3 жыл бұрын

@@DerDop Read his books. It's hard work because he waffles. But if you can make it out the other side, you won't regret it. My favourite is Fooled by Randomness.

@amirjon

3 жыл бұрын

biggusriggus yes his books are work in deed. He’s not the most likeable guy, but he’s brilliant.

@biggusriggus7150

3 жыл бұрын

@@amirjon Always nice to bump into similar minded folks. Hello from Aus (Melb)

@jondoe7205

3 жыл бұрын

LongTermCap: if by “not the most likable guy” you mean “massive c__t”, I agree.

This guy should get interviewed more often. Unconventional genuine personality with wisdom backed by math and science.

Great interview and interviewer! Always so inlightening to listen to Nassim Taleb! Thank you!

Erik Schatzker great interview style, I'm growing on Bloomberg. A true masterclass from Nassim. Thank you for sharing.

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out

we need more wisdom indeed, listening to Mr. Taleb has always been a delight for me.. thank you :)

Ok Eric is now in charge of conducting ALL interviews ever!

It's always great to see Erick pulling out info, statements, perspectives from ppl. He's the most brilliant journalist I've ever seen.

Erik's interviews with Nassim are always great

Great interview. Taleb explains complex things with simple analogies. Thanks.

Erik seems to be one of the few that is capable of interviewing someone like Taleb. He asks good questions and doesn't interrupt.

@Martinit0

3 жыл бұрын

also important: he follows up, when something is ambiguous or not clear

Thoroughly enjoy this conversation. Always benefit from listening to Mr Taleb.

@HarryPotter-kd3bh

3 жыл бұрын

*Dr.

Erik is a really solid interviewer.

Great interview by Eric and as usual great insights by Nassim Taleb

Thank you marvelous interview

I love how he did not repeat after "disruption"

Truly enjoyable conversation.

Great coverage Bloomberg!

Great interview by Erik with Nassim.

Excellent conversation. Thank you.

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out.

I did enjoy the conversation, thanks!

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out,

Keep bringing Nassim on. Good interview

Thank you,! I really admire Mr.Taleb, God bless his family.

Excellent interview! Great questions and clear eloquent responses.

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out,

A great interview!

"editor at large" - when did he escape?

@RicardoSalta

3 жыл бұрын

Days before Covid-19 made landfall. I always found that strangely convenient.

That was really good.

Time to reread the Black Swan. I also very much enjoyed The Bed of Procrustes.

My favorite part of this (and many interviews), is watching Eric's expression.

Thanks for posting this. interesting perspectives

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out.

This looks like it was shot in 2008

@periversen8486

3 жыл бұрын

*1999

@miaa7097

3 жыл бұрын

@@periversen8486 you people are funny .. made me spit my coffee all over the papers lol

@bottomfeederleader6156

3 жыл бұрын

🤣...might have been!

30:05 the timing of that cut out was perfect

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out

@lucapuzzoli8363

3 жыл бұрын

@@nassimnicholastaleb2628 scam

Thank you Prof. Taleb !

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out.

Great interview. I will look for other Erik interviews. I am a big fan of Taleb.

Eric, the quintessential interviewer, presents another fabulous interview. Unique and data filled. Thank you.

This might be the first time I've heard someone let Taleb finish making sense after a question.

Eric has become a better interviewer!

Could you make a channel with only your interviews (whole of Bloomberg). Would be nice. Thanks for the interview!

Taleb was one of my profs during grad school. He always had interesting points of view.

This interview is good. Not many can keep up with Naseem

That was a brilliant interview. I particularly enjoyed the discussion regarding stagflation; there's no such thing as a free lunch.

@sighwestberry5079

3 жыл бұрын

its still possible for some to obtain a perfectly free lunch

@camerontaylor7471

3 жыл бұрын

Lmao! Ever heard of inheritance?! ... I think Paris Hilton understands very well the idea of free money...

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out

@zzqg56

3 жыл бұрын

@@camerontaylor7471 🤣🤣🤣🤣

@zzqg56

3 жыл бұрын

@@sighwestberry5079 😝😝😝😝

great interview.... great interviewer and great interviewee

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

Good to see you bro! Stay strong and safe

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out.

Thanks from Ukraine!

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

my fave video of 2020

Useless conversation. No questions about why Scandinavia has one of the lowest SARS CoV II cases with the world's lowest mask usage. Other places like Sydney Australia doesn't have significant mask usage, and has a low incidence rate. Meanwhile countries outside of Asia that have required face masks have not improved their lot. Asia seems like a special case, maybe because many of the countries have already experienced viruses from bats.

Very good interviewer

Erik seems like such a cool, smart, humble guy, makes me want to go work for BNN :-)

Thank you 👍

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on this mail, we definitely can work something out.

Great point about the Fed can't bail everything out forever. Eventually all things that "everyone knows is true" will get tested. Related to Minsky's Moment - stability creates instability. All backstops ultimately have to get tested or else they don't serve their purpose. If the market believes in a backstop, then all activities will take that to its natural limit. You only know it's at the limit when it threatens to break. Until then, the market doesn't know if it has taken all the risk it can get away with.

Great interviewer

Nassim is simply amazing

Best way to hedge is in short selling small caps which are about 8X overpriced whereas large and mid-caps only 4X overpriced per historical norms for an economy in the toilet. The real GDP growth per capita using a non-contrived inflation rate has not been positive for the past 15 years.

More interviewers should be like Erik

This guy is sharp! We need more like him and less politicians

@quant2011

3 жыл бұрын

Sure. We need more people who sold their souls. Taleb knoes the truth. He just plays "useful genius" role ;)

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

Nassim's insight is a great foundation for further thought. Some world leaders made better decisions. If companies had reserves of cash or inventory, they could have absorbed the shock: when everything is run with a JIT mindset, things are fragile.

Well done, Mr. Schatzker, you actually hosted a great interview with Mr. Taleb and asked subtle questions of him. You're one of the first, your colleagues are low brow, very well done.

Did the interviewer get a raise after this interview? I certainly hope so.

Taleb is soooooo intelligent. I wish he'd move back to Lebanon permanently where he could help his own people.

@Re3iRtH

3 жыл бұрын

Not enough money there for him

@ephrembeaino4952

3 жыл бұрын

Most people here don't know him, let alone understand him. Those who would understand/appreciate him are a minorities and hardly stand a chance.

i love how they cut the part where he was clearly about to speak about the U.S. driving towards socialism lol i wonder what he said. can we find the full interview somewhere?

@camerontaylor7471

3 жыл бұрын

The US is not moving towards socialism... it may seem like it... but I guarantee you, we are NOT! ... there are wayyyyy too many wealthy elite tax paying citizens with considerable investments and assets within the US for that to actually incarnate...what you are observing is socialist policy being practiced... but it is not being institutionalized...

@johnvotta8157

3 жыл бұрын

@@camerontaylor7471 as many wealthy elite as there may be at the moment, that can all change, and quickly. Monetary events and transformations that we may never have seen before, actually nobody may have seen before, can change that. And please dont infer that with a current dem politician in charge, we wouldn't move closer to it each day. We are so free right now that we can argue on the political floor about statistically fringe social injustices while other nations are facing economic turmoil and genocide.

@bradleyjohnson3659

3 жыл бұрын

@@camerontaylor7471 famous last words, as taleb would say its best to react early, socialism has the biggest tail risks of all.

@zwatwashdc

3 жыл бұрын

@@camerontaylor7471 why do you think the economic elites are positions themselves with the Dems? It is not going to be socialism for them, just like it wasn’t communism for the political elites in Russia. It is for the rest of us. A market crash can wipe out 99% of people and turn them into feudal serfs overnight.

So...there is a persistent position of arbitrage called: investment analyst over-estimation of earnings and under-estimation of the value of tail risk hedging, but how much is too much?

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

What Taleb is saying now is the antithesis of what he wrote about in Antifragile. What in the world happened to the non-interventionist writer who was anti big pharma, anti big government, anti helicopter parent? He WAS someone who we thought studied history. I wonder if he has revised his stance and apologized to scientists like John Ioannidis and others.

By YouSum Live 00:00:00 Nasim Taleb discusses risk, probability, and anti-fragility. 00:02:23 Importance of early reaction to pandemics for cost-effectiveness. 00:04:01 Misconceptions about pandemics: tail risk, economy, and trade-offs. 00:07:00 Strategic measures like face masks to reduce pandemic effects. 00:10:45 Impact of risk aversion on economic growth and behavior. 00:12:08 Evaluating systems' anti-fragility post-pandemic for future readiness. 00:17:33 Three categories of industries post-pandemic: helped, harmed, maimed. 00:20:02 Potential consequences of pandemic on globalization and supply chains. 00:21:16 Smart reorganization of globalization for robustness. 00:21:42 Fragility in supply chains, essential for local industries. 00:22:00 Identifying and addressing sources of fragility crucial for resilience. 00:24:03 Importance of tail-risk protection for catastrophic loss prevention. 00:24:26 Survival strategy: take risks but ensure survivability. 00:30:09 No one is bigger than the market, even the Fed. 00:37:04 Need for insurance before the crisis, not during. 00:39:30 Private markets offer insulation from short-term market pressures. 00:41:38 Private equity can be misused for hiding mistakes. 00:42:07 Risk of US dollar losing reserve currency status. 00:42:54 Impact of US election on global consequences. 00:43:16 Trump's deal-making logic and contradictions. 00:47:31 Reading history for wisdom in handling pandemics. By YouSum Live

wow. solid interview. ditto below

Was difficult to understand what Nassim says - thank goodness for the interviewer who was very articulate and the paraphrasing helped in clarifying the thought. It's easier to read Nassim's thoughts here: www.grahammann.net/book-notes/skin-in-the-game-nassim-nicholas-taleb. His book is "Skin in the game." The interviewer is an excellent communicator

very impressive about Nassim Taleb's rich knowledge and sharp opinion. independent thinker indeed

Taleb's point that the ancients' responses to plagues, creating quarantines and supporting local merchants, was much more successful than the modern day response was spot on. The total shutdown of the U.S. economy, and the catastrophic damage it has caused and will continue to cause, will be remembered as the single greatest failure of the U.S. government's response to this virus. Overall a fantastic interview.

@dariostrassli7024

3 жыл бұрын

A single greatest failure in the US government? Imagine a virus so deadly that you need a test to see if you have it.

@wjkingva

3 жыл бұрын

@@dariostrassli7024 "The total shutdown of the U.S. economy" was the biggest mistake they made. Based on the scientific data from the CDC, the virus may only be considered "deadly" if you're over 70 years old with comorbidities. 10 times more people will die due to the economic devastation, and all the associated repercussions, than the virus will kill.

@dariostrassli7024

3 жыл бұрын

@@wjkingva I agree with you on that. Kill the economy for the tragedies of a few.

Interesting stuff about what to read.Great question and great answer. Looking back to see what worked well and what worked not so good kind of makes sense. PS yes please don’t try to buy fire insurance while you are standing in the middle of a fire.

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

Erik did a brilliant job with this interview.

@quant2011

3 жыл бұрын

Yeah. Hiding the truth. Perfect job. Both sold their souls

6, february, the president visited india.. remember?

his take on US socialism was enlightening

Excellent

Delighted

Eric my friend , you are becoming a great interviewer. Thanks 👍

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

I took the risk dealing with Luiz to be in charge of my trade and finally end up with perfect testimony.his platform is amazing and very straightforward

@marryreddd3838

3 жыл бұрын

Thanks Luiz .+1.8.0.3.5.6.6.0.6.9.7

I don't disagree that risk aversion is playing a part in the economy but I don't think you can separate it from the lockdowns. We don't know what kind of choices people would make if they were free to choose their risk.

@brandonreed09

3 жыл бұрын

How many lockdowns are enforced by law enforcement? Not many. In most cases people are choosing freely choosing to follow the mandates.

@cheddarcheez9917

3 жыл бұрын

@@brandonreed09 are people avoiding the virus or are they not trying to test the cops? In my state all gentleman's clubs were shutdown. That's very clearly an industry that's suffering more from gov't than corona fear.

@nassimnicholastaleb2628

3 жыл бұрын

@@brandonreed09 Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

The interesting thing about Taleb's logic (I'm a big fan), is that diversification is the solution (because the future is uncertain)

@quant2011

3 жыл бұрын

We should diversify our politicians. Perhaps some should not serve the roths childs? Oh and also diversify our oil trade. Why its 100%in us dollars? Lets trade oil with gold silver and spy etf. Ooooh no! Taleb will never say that. He will be finished in the media for life

@nassimnicholastaleb2628

3 жыл бұрын

@@quant2011 Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

Great job Eric - let Nasim rip

Great interview, but there was a sound distraction in the interviewer's studio.

This was a crash course on How To Listen.

Yes,, but HOW do you execute tail risk protection....?!

Did it bring financial discipline to Greece and Italy? At what cost? Who bears the cost?

although I like his demeanor, I disagree with Nassim on this point about it being a public risk response versus a government response. The government response informs the public response. Look, for example, at Florida. Floridas government response wasn’t as strong, even when the science didn’t show that the sunlight kills Covid, and the peoples response was not as volatile either.

What happens to gold in either scenario?

@quant2011

3 жыл бұрын

Nothing. Cabal will hoard more. And more . And more. With help of jp morgan

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

Banks can compensate CEOs for enormous risk and socialize the losses with the backing of the Treasury and Fed.

18:09 I felt that little dissatisfaction when Erik looked away loosing eye contact with Taleb when Taleb did a funny reference of his low-haired head, missing a potential laughter and out-of-the-script moment. Nonetheless, a well conducted interview indeed.

@TheBlueskyson

3 жыл бұрын

Yes, it's difficult Tony when social skills lapse momentarily. I got a sinking feeling too at that moment. But there's a good chance Erik has taken note, so all is not lost.

Amazing...Thanks Dr. Nassim and Bloomberg

Never watched a video of Nassim, only read the books, he is very easy to listen too a likeable

@maganang8889

3 жыл бұрын

WHY W

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉

@rocketguy748

3 жыл бұрын

@@nassimnicholastaleb2628 what is your telegram contact ?

@nassimnicholastaleb2628

3 жыл бұрын

@@rocketguy748 let me have your number too

I partially disagree that crisis is for weaker firms to disappear. If there are companies which would not survive after this is over even if support is provided it makes no sense to support them. But if say there’s an entrepreneur who paid his own money bought expensive hair and nail equipment but has to wait until people can go back he can be supported. You can’t just throw everyone under the bus if they cannot do their operation by remote work. Not all businesses are like twitter or Facebook. I’m not saying supporting a shoe retailer in mall if people will probably prefer to shop online even after vaccine.

This interviewer is definitely a NNT fan lol. I can’t help but be a fan of NNT he is slightly comical and practical with his explanations.

There is a problem with the US dollar. No other nation has stepped up to say it wishes to be the reserve currency. The EU is right now insolvent. Russia, India and China have levels of poverty that cannot be possible in a reserve currency. The relationship between poverty and reserve currency can be seen in Holland, Spain, Portugal and England. America is not broke nor is it destitute. The dollar is still sound.

How do you get a tail risk hedge?

@nassimnicholastaleb2628

3 жыл бұрын

Thanks for sharing your comment ❤️,Do well to reach me on telegram, we definitely can work something out.let me have your number so we can keep each other posted over there 👉