Tag Archives: Nassim Taleb

‘Trump makes sense to a grocery store owner’, by Nassim Taleb and Suhasini Haidar

Posted on February 7, 2017 | 1 comment

In this interview of Nassim Taleb by Suhasin Haidar, Taleb talks about his upcoming book, and the political anti-elite trend. From Talen and Haidar at thehindu.com:

Economist-mathematician Nassim Nicholas Taleb contends that there is a global riot against pseudo-experts

After predicting the 2008 economic crisis, the Brexit vote, the U.S. presidential election and other events correctly, Nassim Nicholas Taleb, author of the Incerto series on global uncertainties, which includes The Black Swan: The Impact of the Highly Improbable, is seen as something of a maverick and an oracle. Equally, the economist-mathematician has been criticised for advocating a “dumbing down” of the economic system, and his reasoning for U.S. President Donald Trump and global populist movements. In an interview in Jaipur, Taleb explains why he thinks the world is seeing a “global riot against pseudo-experts”.

I’d like to start by asking about your next book, Skin in the Game, the fifth of the Incerto series. You do something unusual with your books: before you launch, you put chapters out on your website. Why is that?

Putting my work online motivates me to go deeper into a subject. I put it online and it gives some structure to my thought. The only way to judge a book is by something called the Lindy effect, and that is its survival. My books have survived. I noticed that The Black Swan did well because it was picked up early online, long before the launch. I also prefer social media to interviews in the mainstream media as many journalists don’t do their research, and ‘zeitgeist’ updates [Top Ten lists] pass for journalism.

The media is not one organisation or a monolithic entity.

Well, I’m talking about the United States where I get more credible news from the social media than the mainstream media. But I am very impressed with the Indian media that seems to present both sides of the story. In the U.S., you only get either the official, bureaucratic or the academic side of the story.

To continue reading: ‘Trump makes sense to a grocery store owner’,

 

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Voting to Destroy the Establishment, by Jim Quinn

Posted on March 14, 2016 | 3 comments

Jim Quinn, and Nassim Taleb, have reached essentially the same conclusion about the Donald Trump phenomenon as SLL. From Quinn at theburningplatform.com:

“The inability to predict outliers implies the inability to predict the course of history”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable

“I know that history is going to be dominated by an improbable event, I just don’t know what that event will be.” ― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable

Nassim Taleb is a prickly arrogant SOB who doesn’t give a crap what intellectuals, academics, and other establishment elitists think about him. He has an Ivy league MBA, but despises everything about the curriculum of Ivy League MBA programs. He has a PhD, but scorns academics and their worship of theories and models. He enjoys poking holes in the storylines of the propaganda spewing corporate media. He glories in ridiculing the predictions of captured “experts” mouthing the talking points of whichever corporate interest is paying them blood money.

I read his brilliant Black Swan book back in 2008. It was a difficult read, but there were so many gems of wisdom throughout the book, it was a powerful tome predicting the financial collapse in real time. He wrote it in 2006. He understands the world doesn’t operate the way Ivy League models say it is supposed to operate. The world is propelled by black swans, not a normal distribution of the world. He was right in 2006 and he’s right now. The paragraph below has been making the rounds in the alternate media this past week. The establishment media would never publicize it, as their job is to protect the crumbling social order.


He sees what the pseudo intellectuals, highly paid pundit monkeys, think tank pay for play sages, and other mouthpieces for the establishment have failed to see. They didn’t see the 2008 black swan coming and they fail to grasp the black swan flying into their midst today. Taleb understands unexpected events of large magnitude and consequence and their dominant role in history. Trump is an extreme outlier who will play a large role in sweeping away the existing establishment. The “experts” foisted upon the masses by the dying legacy media are clueless as to what is really happening.

“The problem with experts is that they do not know what they do not know”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable

Trump’s blunt, angry, provocative, anti-establishment message has struck a chord among millions of disaffected Americans who have been ignored, abused, scorned, and shit on by the elitist establishment, banking cabal, corrupt politicians and government apparatchiks. The Deep State establishment has overstepped their bounds. Their ravenous pillaging of the national wealth through outsourcing millions of American jobs, largest mortgage control fraud in history, and outrageous gall in shifting their losing bets onto the backs of hard working Americans is about to bite them in the ass.

To continue reading: Voting to Destroy the Establishment

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