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The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor--Jesse Livermore
Nassim Taleb On Bloomberg
Black Swan author Nassim Taleb was on Bloomberg today to discuss his outlook on the economy, Fed, and how things are only going to get worse. I particularly liked his comment that the Fed's business is creating price instability through their reckless policies. Nassim also thinks hyperinflation is a real possibility and Bernanke is a ignorant fool who should not be trusted. Good stuff and an interview worth listening too.
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A nice take on bloomberg.
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