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Nassim Taleb: Renegade Trader with Renegade Ideas - That Work

I've read Fooled by Randomness and Black Swan and finished both with one big question: If Taleb is keeping 90% in Cash and Treasuries, isn't he overlooking the 800 pound black swan of hyperinflation or even governmental collapse and default?

The Presidential Speech, in Context

Was it just me, or did he sound like we was reading from a BusinessWeek from last August that he just accidentally picked up?