BBC Interview with Nassim Taleb on JPMorgan

Hat tip Jesse’s Cafe Americain

Category: Derivatives, Trading, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “Nassim Taleb: Bad Risk Management & Poor Models Creates Systemic Risk”

  1. Indianalar says:

    As always,

    It started out as a very great interview, then like always, interviewers blow it, by interrupting the interviewee with a new question, while they are answering a very good key question, with an honest, informative response.

    The perception then becomes, that the media does not want truth to broadcast. Hmmmmmmmmmmm.

  2. denim says:

    Interesting debate between the two people. However, it should have had an independent moderator. The lady, whose economic credentials were not described, was stepping all over Taleb’s answers that I would have liked to have heard.

  3. Get Barry to interview Taleb so he can properly express his ideas on randomness, the lack of understanding of quantifying risk, and the impact to society as a result of banks thinking they can control and profit from risk management.

  4. …Get Barry to interview Taleb so he can properly express his ideas on randomness, the lack of understanding of quantifying risk, and the impact to society as a result of banks thinking they can control and profit from risk management…

    yon’ Ritholtz,

    that Spells BRIPTV ..

    and, here’s Wagering that NNT would, Kindly, take You up on it~

  5. Banks are worse than utilities, they are running a street con plain and simple! Their game is called: “Heads I win, tails you lose”!

    Barry and Nicholas need to pound that message home over and over till it gets across.

    There is no social benefit from playing a game with banks where its “heads I win and tails society loses”

  6. AHodge says:

    nassims great as usual
    but i actually think its worse than he portrays
    i dont think they even intended this stuff as risk management and a hedge
    it is net a huge bet ON risk
    a sale of Vol,
    they were picking up premium
    then bad news showed up in april, when they had made a huge leveraged bet on good news