I agree with a lot of the points in Taleb's book, but I don't agree with many of his conclusions. It seems to me that he rightly points out that risk….

I don't think the idea of requiring these to be only sold to people who have already own the bonds, in other words, this naked position that the Germ….

I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this procedure and are quite conflicted….

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk manage….

Well if you've got information about a company, or you believe that a company is undervalued, you can go out and buy their stock and you can make som….

I think what we need is better understanding of how to do risk analysis of a CDO, but that they still can perform a very valuable function because th….

You know, some of the portfolios we might consider buying are portfolios which would do especially well if we have an economy-wide, or I mean, a glob….

If a lot of people feel like this company is undervalued and go out and buy the stock, the stock price will go up reflecting the higher value of this….

A lot of ambitious code has been written into the law for those and we will have to see if it actually works, if we have another example of a big fin….

Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people w….

The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a ….

I'd like to see a little more action on the energy side of things. I've been pushing for some kind of a carbon tax for years, and it seems to me we'v….

We're talking about should we increase taxes? Why not put a tax on carbon emissions. It would raise a lot of money, it would reduce the environmental….

So what is the role that credit default swaps can play in an economy? Well my feeling is that if these things actually will now be traded on either e….

There are a lot of ways that investment banking models work, but these risks are not internalized by the people that are taking them..

If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that stock unless you already own i….

I don't see what the alternative to risk management is. If it's just getting rid of the models and instead using the smart people who can figure it o….

That is, many times we're not risking our own money, we're risking somebody else's money, or maybe that someone is going to back stop or downside, bu….

I think that's something that investment banks have worried about for a long time and are continuing to worry about, but it's not an easy solution wh….

I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit….

When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never u….