#塔勒布
RT nabil  
Insightful interview of Maestro @nntaleb by Bloomberg's @NKniazhevich. Here are some quotes by NNT that I found interesting:  
  
(1) “The US is progressively losing its status as a reserve currency. You still have transactions in US Dollars and people are storing in gold.”  
  
(2) On tariffs: “Overall, you have a shift for more inequality and this exacerbates that. It’s not healthy in the long run. And that shift for inequality has been exacerbated by AI.”  
  
(3) On AI: “Again, it’s structural. If you look at history, the car companies, airline companies, and of course, the personal computer, if you look historically, those who started the business, the pioneers, are not necessarily the winners. As a matter of fact, they're probably more likely to be the losers.”  
  
(4) “You always need to be hedged because basically these drawdowns are not predictable, easily predictable. We don't have enough volatility compared to the risks involved. Tail risk—they don't show early.”  
  
(5) “The world today, the western world, United States and Europe cannot afford another oil shock like the one we had in the 1970s.”  
  
(6) “...Tail risks across all sectors are underpriced. They’re structurally underpriced, they’re even more underpriced now.”  
  
https://www.youtube.com/watch?v=cyds4kP\_n80
https://x.com/nntaleb/status/2026318313165398174