Though his schedule is extremely packed, Nassim Taleb, who knows everything there is to know about risk while Ben Bernanke knows nothing, has agreed to co-author a paper with the IMF’s Monetary and Capital Markets department “for the G-20 to develop ways to apply his method for identifying tail risks, or the chances of low probability, high-impact event.” Topics discussed will presumably include but not be limited to destroying the Nobel prize before it can destroy us.
risk
“Did Ben Bernanke see the crisis?” Nassim Taleb asked on Bloomberg TV today. “No,” Taleb answered himself, “He was flying the plane and he crashed the plane…[Bernanke] reminds me of the LTCM people. They had brilliant people with great academic records and they blew up the fund and almost blew up Wall Street…Bernanke is someone who talks about returns without talking about risk. It’s identical to a pilot who is talking about speed — not talking about safety. The measures he is using, this quantitative easing, may work but should it fail the risks are humongous.” Continue reading »
The scene: You’re at your desk buying, selling, sending asinine IMs to your colleagues and just generally kicking ass and taking names when you get an itch. A stirring, down in your plums. You need to stick your tongue in something sweet or there’s a good chance you might die. You need a cupcake, ASAP.
The internal conflict: Cupcakes are for chicks and pusses. You’re a fucking MAN. How would it look if you were seen eating that little slice of heaven? You’d sooner take estrogen pills, slip into some panties and heels and tell people to call you Stupid Girl and that’s something you’d never do unless asked nicely twice or maybe just once or maybe even voluntarily. But, oh god, you need that sugar so bad you’re gonna burst! BUT HOW?? you ask yourself, nearly on the verge of tears. Cupcakes are inherently a woman thing due to their size so would it be better to just eat an entire red velvet cake in the break room, literally just plow right through it letting the creamy white frosting goodness cascade down your hands and face? Would that man things up a bit? A little but 1) you love how big cupcakes make your hand look 2) you’re watching your weight (it’s beach season and all). There’s also the problem of most cupcake makers using lots of girly colors like pink and skimping on the non-manly ingredients like semen and sweat and gah it’s just too hard! WHAT’S A BOY TO DO?? Continue reading »
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
