Taleb's 3 Financial Rules
Figure Out Asymmetries
Nassim Taleb is probably one of the most peaceful sleepers in the world. He is an investor, essayist, and mathematician who bet on a black swan and today has a net worth of over $100M.
In 1987 he bet with small asymmetric investments against the currency exchange rate, and thanks to black Monday, he made a fortune that allowed him to live without having to go back to work until today.
Later, in 2006-2007, he published his famous black-swan book. In this book, he criticized the indebtedness of the main central banks and how this indebtedness was going to end in one of the biggest recessions ever seen in history.
Said and done, in 2008, that recession occurred. Many say that what was really a black swan was his book and that there really was a recession was pure coincidence. We will never know.
What is certain is that last year, rereading the book, in the last chapters, he hints at how plausible it is in today's society to be exposed to a global pandemic and how, in the global world we live…