Both investors were asked what would be the best investment for the next ten years if an investor was only allowed to make one investment.
Taleb, who also advises a hedge fund called Universa Investments, thought that land was the best investment for the next ten years.
Taleb re-iterated his viewpoint that investors should avoid Treasuries and the U.S. dollar at all cost. He is bullish on commodities including food, energy, and metals.
It should be noted that Taleb has long focused on the root of the financial crisis which he believes was "excessive debt which made the financial system vulnerable to shocks." Thus, one can assume that he is recommending unleveraged land.
In addition, Taleb is loathe to predict the future as the point of his book was that black swans make it impossible to model risk. Nonetheless, his bullishness on land likely stems from his worry that the global debt problem will result in significant inflation in the future.
Marc Faber, who shares many of the same concerns as Taleb, had a different trade for the next ten years - gold.
Faber believes that the inflation genie has been let out of the bottle which means that the "expectation of inflation is now consensus." With negative interest rates for the foreseeable future, Faber believes that gold offers the most superior risk/reward profile over the long term.