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'Black Swan' Author Nassim Taleb - I Don't Like Stocks But I'm Forced to Own Them

January 29, 2013 | About:

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.

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