I am just finishing Taleb’s fifth book in his Incerto, “Skin in the Game”, which covers key insights on how and why the levered and lawless financial world has become a monster undermining global strength and stability. Taleb is more articulate on paper than in conversation, but this segment is still worthwhile. As higher rates and shrinking cash flows swamp the unprepared, the largest casualties-in-waiting remain real estate, corporate debt, and equity prices. The concerted hit to balance sheet assets will reveal years of mal-investment and insufficient saving rates, and be life-plan altering for many.
Nassim Nicholas Taleb, scientific advisor at Universa Investments, discusses the factors causing global fragility, hidden liabilities in global markets, and what he sees as safe trades in the current market. Here is a direct video link.
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