#691: Nassim N. Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More
This podcast episode covers various topics related to risk management, financial markets, and personal identity. It discusses the importance of choosing the right mattress for optimal sleep quality and introduces a premium mattress brand called Helix Sleep. There is a focus on the experiences and perspectives of hedge fund managers, including their transition from trading to scholarship. The concept of betting on tail events to protect against extreme market downturns is explored, along with the strategy of hedging and its relationship with diversification. The episode delves into the significance of being prepared for black swan events, such as pandemics, and the importance of taking early action in crisis situations. It also addresses the challenges and potential risks associated with allocating assets to reduce risk. The application of the precautionary principle in risk assessment and decision-making is discussed, along with the impact of globalization on risk management. The episode touches on the topics of disinformation and the importance of considering mortality rates and potential risks associated with vaccines and GMOs. Overall, it provides insights into various aspects of risk management, financial markets, and decision-making processes.
