Nassim Taleb, Universa Investments scientific advisor and author of “The Black Swan,” warns about the risks he’s seeing in the markets post-pandemic. “I think this is a case study of government worldwide incompetence in dealing with a problem and denial,” he argues.
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The HUGE Economic Cost Of Government Incompetence And Denial (Nassim Taleb)
Nassim Taleb is a former derivatives trader and scientific advisor at Universa Investments, a hedge fund that earned a return of more than 4,000% in the first quarter. Universa uses a complex risk mitigation strategy known as tail-risk hedging that positions the fund to profit from dramatic market corrections spurred by so-called black swan events.
0:26 – Why we live in an opaque system
01:00 – Why this is a case study in government incompetence and denial
1:27 – How the markets have been impacted and why technology seems to be the winner
2:05 – How the economy can recover from here
2:29 – Why certain industries will never be the same
3:00 – How denial is causing a high cost for the economy
4:42 – What economic instrument can be used to hedge
5:19 – How we can control the pandemic
5:58 – Why uncertainty is chronic and people should not be in the market if they’re scared
#StockMarket #FinancialNews #Finance
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