Nassim Nicholas Taleb Says Young Traders Should ‘Shut Up and Learn’
- ‘Twitter-educated youth’ should learn from traders, Taleb said
- Taleb has also been critical of Bitcoin as an effective hedge
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Nassim Nicholas Taleb isn’t a fan of fake stocks trading on blockchains.
The former options trader, who predicted the 2008 financial crisis in his bestseller “The Black Swan,” said decentralized finance, or DeFi for short, is managing to reinvent the bucket shop, referring to the firms that very early last century allowed everyday Americans to gamble on stocks without owning them.