How Nassim Taleb and Bill Ackman Made BILLIONS During ‘Black Swan’ Events (TIP558)

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Clay chats with Scott Patterson about his new book - The Chaos Kings. The Chaos Kings tells the story of the hedge fund that achieved average annual returns of over 105% from 2008 through 2019, and how Bill Ackman had a $27 million dollar bet that turned into over $2.6 billion. 

▶️ RELATED EPISODES:
The Black Swan - By Nassim Taleb:    • TIP47: The Black Swan - By Nassim Taleb  
Investing In Uncertain Times w/ Joel Greenblatt, Bill Miller, Howard Marks, François Rochon:    • Investing In Uncertain Times w/ Joel Green...  

IN THIS EPISODE YOU’LL LEARN:
0:00:00 - Intro
0:00:54 - Who the Chaos Kings are.
0:04:48 - The story of Nassim Taleb and Mark Spitznagel setting up a hedge fund that delivered average returns of 105% annually.
0:12:28 - How these hedge funds profit tremendously during times of calamity.
0:17:35 - What led Nassim Taleb to get interested in the markets.
0:23:10 - Why we should be mindful of just how uncertain the world and our global economy is today.
What complexity theory is.
0:27:55 - How investors can protect themselves from a black swan event.
0:42:48 - How Taleb and Spitznagel viewed the world differently than conventional wisdom.
0:37:14 - How predictable Black Swan events are.
0:57:16 - Looming Black Swans that Taleb sees in today’s world.
1:00:11 - What the precautionary principle is.
1:04:10 - Taleb and Spitznagels take on the systemic risks in the financial system today.

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🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/e...

📖  BOOK MENTIONED:
Chaos Kings by Scott Patterson: https://amzn.to/3qosYPX

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