Category: Investing
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6/12/23
Nassim Taleb, hedge fund manager and author of “The Black Swan” discusses the limitations of financial models. He argues that most of the world is driven by Fat-Tailed processes and that using normal distributions in risk analysis is not accurate. Taleb explains that Modern Portfolio Theory, which uses a mix of stocks and bonds, does…
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Druckenmiller on AI
Investor Stanley Druckenmiller shared his concerns about the US national debt and entitlement spending, warning of the strain on America’s GDP and future investment and innovation. He also discussed the potential risks in asset markets, tightening credit, and problems in banks due to the Fed’s encouragement to buy treasuries, and he believes a hard landing…
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Change is the Only Constant
Warren Buffett discusses the importance of adapting to change in business. He notes that Berkshire Hathaway has diversified its portfolio in response to changes that hurt some of its founding businesses. Buffett advises expanding one’s knowledge but warns not to force it and recommends continuous learning and adaptation within one’s own circle of competence. Buffett…