Nassim Taleb, author of “The Black Swan,” discusses his new book “Antifragile” and explains why stress and failure are essential to financial stability and strength. Here is a direct link.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Politicians should listen to Taleb, but I’m afraid most of them simply wouldn’t understand what he is saying. Like an advanced alien trying to explain warp drive to a macaque monkey.
The Cost Of Kidding Yourself
http://www.zerohedge.com/news/2012-11-28/cost-kidding-yourself
Chris Hedges: The Wall Street Cult of the Self and Ochberg: Coping With a Narcissist
http://jessescrossroadscafe.blogspot.ca/2012/11/chris-hedges-cult-of-self-and-ethics-of.html