Nassim Taleb warns that markets are more vulnerable now than in the past 20-30 yearsTaleb spoke with Bloomberg TV ICYMI
- warns of fragile markets, compares AI boom to dot-com era
- Markets more vulnerable now than in past 20-30 years, says "Black Swan" author
- Current AI leaders may not dominate future landscape, drawing parallels to early internet firms
- Gold price surge noted, but Taleb stresses importance of broader hedging strategies
Key points:
- Market fragility: Taleb sees heightened risks, likening current conditions to pre-crash periods
- AI investments: While promising, today's leaders may not maintain dominance (think AltaVista vs Google)
- Risk management: Focus on hedging against major downturns rather than relying on specific assets like gold
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Taleb shot to fame with his 'Black Swan' book - if you haven't read it, do so! I'll have to admit to a soft spot for 'Fooled by Randomness' though.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Nassim Taleb warns that markets are more vulnerable now than in the past 20-30 years (https://www.forexlive.com/stock-market-update/nassim-taleb-warns-that-markets-are-more-vulnerable-now-than-in-the-past-20-30-years-20241014/)
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