Tuesday, June 15, 2010

Nassim Taleb: "Every Single Human Being" Should Be Short Treasuries

From this article in the most recent Barron's Magazine:

...Nassim Nicholas Taleb, author of The Black Swan: The Impact of the Highly Improbable...asserted earlier this year that "every single human being" should be short Treasuries.

Fantastic. As the article points out, at least so far, this hasn't worked so well. If followed, it actually would have been rather costly.

I'm no fan of Treasuries but -- even if the thinking is sound -- the idea of everyone being short anything is, well, possibly just a little extreme.


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