Latest news with #NassimTaleb
Bloomberg
3 days ago
- Business
- Bloomberg
JPMorgan Hikes Sapphire Reserve Fee to Nearly $800
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." JPMorgan is raising its Sapphire Reserve fee to nearly $800 as credit card wars heat up. Plus, Jetblue is struggling thanks to softer-than-anticipated travel demand. The carrier is eliminating flights, pausing retrofits and parking some jets in an overhaul. And Nassim Taleb, the famed quant trader, Author of "The Black Swan", and Senior Scientific Advisor for Universa Investments joined Bloomberg Open Interest to talk AI, Wall Street South and why he believes Trump's trade policies are irrational. (Source: Bloomberg)
Bloomberg
3 days ago
- Business
- Bloomberg
Nassim Taleb: Trump's Approach to Tariffs ‘Makes No Sense'
Nassim Taleb, author of 'The Black Swan,' and distinguished scientific advisor at Universa Investments, says, 'tariffs may be necessary in many areas,' but the Trump administration's approach to tariffs 'is not very rational.' (Source: Bloomberg)
Bloomberg
3 days ago
- Business
- Bloomberg
Nassim Taleb on Risks, Gold, Private Markets, Trump Tariffs
Nassim Taleb, author of 'The Black Swan,' and scientific advisor at Universa Investments, says he doesn't think the 'consciousness of risks' has improved over the last 25 years. He discusses the increasing US deficit, gold as a reserve currency, the opacity of private markets, and why the Trump administration's approach to tariffs 'makes no sense.' (Source: Bloomberg)
Bloomberg
3 days ago
- Business
- Bloomberg
Nassim Taleb Says Trump's Approach to Tariffs ‘Makes No Sense'
By and Sonali Basak Save The Black Swan author Nassim Taleb said President Donald Trump's approach to tariffs will depress US gross domestic product and could soon lead to labor shortages. Taleb, who's also scientific adviser for hedge fund Universa Investments, said tariffs may be necessary, but they need to be 'symmetric.' Much of the US economy is based on cheap labor and constraining that input will have real knock-on effects, he said.
Bloomberg
28-05-2025
- Business
- Bloomberg
The Fallacy of Market Narratives
To get John Authers' newsletter delivered directly to your inbox, sign up here. Humans think in terms of narratives. We're hot-wired to do so; condense something complicated into a story, and we understand it more easily. That raises the risk of over-simplification and narrative fallacy — a notion from Nassim Taleb — in which we grab hold of a version of events and allow it to color incoming data.
