Taleb Advises ‘First’ Avoid Treasuries, Then Dollar
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Nassim Taleb, author of “The Black Swan,” said the “first thing” investors should avoid is U.S. Treasuries and the second is the dollar.
Taleb, a principal at Universa Investments LP whose 2007 bestselling book argued that history is littered with rare events that can’t be predicted by trends, also said he would rather hold euros than dollars, even as the region’s sovereign-debt crisis persists. “Euros have Germany, the dollar has nothing,” he said at a conference in Moscow.