I thought this was a very good interview with Nassim Taleb. Some of his observations include:
- People mistakenly define him as a perma-bear, which is not true as he has owned equities for the past three and a half years.
- He doesn't think equities are particularly attractive, but he is forced to own them because he doesn't like Treasury bonds.
- Stocks and real estate are the least of all evils because they offer some yield and protect against hyperinflation.
- Taleb isn't certain hyperinflation is coming, but he thinks it is a possibility and he wants to be able to sleep at night.
- He does not own Asian equities because he does not understand the region, but he does like European equities because he wants exposure to the euro.
- Taleb thinks the euro is a much better bet than the U.S. dollar because Europe has half the deficit the U.S. does.