Taleb Says Portfolios to ‘Blow Up’ Without Tail Hedges
- $2 trillion package called bailout for investors, corporations
- Governments could have stopped ‘white swan’ pandemic, he says
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Nassim Taleb, the former options trader who predicted the 2008 financial crisis in his bestseller “The Black Swan,” said investors stung by the coronavirus crisis are paying the price for ignoring the risk of a predictable event.
Taleb also criticized the $2 trillion economic relief package signed into law last week as a bailout for investors and for companies that drained cash or levered up to buy back stock.