shashi @ August 19, 2008 # No Comment Yet
In an interview with the Portfolio magazine, Nassim Nicholas Taleb says
Do you realize that we don’t understand globalization? Globalization increases Extremistan. That’s one problem with this Tom Friedman guy—he [the bestselling author of The World Is Flat, which argues the advantages of globalization in the internet age] didn’t seem to understand the very simple dynamics [...]
shashi @ June 5, 2007 # No Comment Yet
Today, I’d been to a session where I was educated about the importance of hedging against the Dollar falling again against the Rupee. The gist was this, “you buy Futures the bank’s gonna profit through margin money. You buy Options, the bank’ll debit your fees”. “You may lose some money but it’s all about [...]
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