October 14, 2024 at 10:22PM
Taleb 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.