Monday, February 8, 2010

Hugh Hendry and Nassim Taleb…

I like Nassim and his understanding of risk, but I do not like his method of trying to hedge everything, you will only make the brokers rich in the long run with that approach.

On the other hand, Hugh Hendry understands the fundamentals correctly – “It’s the DEBT, Stupid!”

He is correct in pointing out the amount of leverage is at multi-century highs and that DEBT is the anchor that is now holding back the world. Going to have to get Hugh onto Freedom’s Vision… (ht Michiganjedi)