October 14, 2010
Nassim Nicholas Taleb says investors should sue the Nobel prize committee for awarding the prize to economists whose theories led to the global economic downturn.
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Nassim Nicholas Taleb says investors should sue the Nobel prize committee for awarding the prize to economists whose theories led to the global economic downturn.
Is Taleb going to chip in some of his fortune earned from trading at banks and running hedge funds? In Black Swan he made a good stab at painting the Nobel prize for economics as being ridiculous. Then again just how relevant are the Nobel prizes today? Should we be taking much notice of a private committee?