Quotable Quotes: Hogwash!

One of my favorite podcast services is Bloomberg On the Economy. Last week, they posted a very provocative interview with the author of "The Black Swan", Nassim Taleb. In the interview, Mr. Taleb launches several broadsides against conventional investment thinking including "all of quantitative risk management is bogus", equating modern portfolio theories with "astrology", the uselessness of value at risk, and why buying credit default swaps these days is like "buying insurance on the Titanic from someone on the Titanic".

Here is the 17 minute 42 second interview.



Have a good weekend.

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