Nassim Taleb Criticizes Obama, Bernanke, and Summers October 20, 2009

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Complete video at: http://fora.tv/2009/08/18/David_Cameron_in_Conversation_with_Nassim_Taleb

The Black Swan author Nassim Nicholas Taleb addresses the financial missteps of the Obama administration. "The problem we have in America is that nobody has addressed the fundamental error." He emphasizes over-reliance on forecasts as the root of the problem.

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Nassim Taleb is the best-selling author of Fooled By Randomness and The Black Swan: The Impact of the Highly Improbable. So called 'Black Swan Events' are climactic, random and hard-to-predict events that have been entirely unexpected, and often hitherto perceived to be impossible.

At this breakfast event chaired by Danny Finkelstein, Comment Editor of the Times, Nassim Taleb explains the relevance of his ideas to the economic crisis, and argue for measures to create a more Black Swan-robust society. David Cameron responds and takes part in a discussion with the audience.

Nassim Nicholas Taleb is an essayist, belletrist, and researcher.

Taleb is currently a researcher at London Business School. He the Deans Professor in the Sciences of Uncertainty University of Massachusetts at Amherst, Fellow in Mathematics in Finance, Adjunct Professor of Mathematics at the Courant Institute of Mathematical Sciences of New York University (since 1999), and research fellow, Wharton School Financial Institutions Center, and Chairman, Empirica LLC.

Taleb held senior trading positions with trading houses in New York and London and operated as a floor trader before founding Empirica LLC. His degrees include an MBA from the Wharton School and a Ph.D. from the University of Paris. He is the author of Dynamic Hedging, Fooled by Randomness, and The Black Swan.