Tag Speech

Nassim Taleb and Daniel Kahneman Reflect On Crisis At DLD

Nassim Taleb and Daniel Kahneman discuss the current financial crisis: how we came to it and what to do next. As usual, Taleb is on target with respect to banks: they’re utilities and shouldn’t be taking extreme risks.

Taleb was interviewed along with Benoit Mandelbrot by the NewsHour in 2008 — just after the current crisis erupted. It’s a good introduction to his ideas.

(Side question: Is there a video of the talk Taleb gave at Davos 2009? I’m in the mood to hear him utterly destroy the reputations of some bankers and economists.)