Taleb spoke with Bloomberg TV ICYMI
warns of fragile markets, compares AI boom to dot-com eraMarkets more vulnerable now than in past 20-30 years, says “Black Swan” authorCurrent AI leaders may not dominate future landscape, drawing parallels to early internet firmsGold 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 periodsAI 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.