Nassim Taleb was on Charlie Rose this past Wednesday, and I just got around watching the interview. I wish Charlie had scheduled Taleb for the entire hour. Last week I wrote about the current financial crisis being an opportunity to learn about how financial markets function, and I referred to the fact that I’d been lucky in dodging the major collapse of the past few months. Not all of it was luck, much had to do with Taleb’s thinking as revealed in his book ‘The Black Swan‘. If you haven’t read it yet, add this book to the top of your list. And, if you can stomach a sobering reality check, watch the interview here:
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Yesterday I posted about how the current financial crisis was an opportunity to learn about how the global financial markets function. Another great resource for digging deeper is Charlie Rose‘s show on PBS. Last night he had Citibank CEO Vikram Pandit on for the hour. As one would expect from a CEO of a major financial institution, Pandit doesn’t offer much of a mea culpa, however he does offer some insight into the causes of the current crisis. Pandit arrived at Citi a about a year ago, and began to deal with a mess that had been created when Citi merged with the Travelers Group. It’s an excellent interview:
SAJAforum has a full transcript of the interview.