Nassim Taleb was back in the news in April as one of his proteges posted a remarkable return for his hedge fund last quarter.
Mark Spitznagel of Universa Investments posted a 4,144% return as the fund profited from the heightened market volatility caused by the coronavirus pandemic.
Spitznagel was a student of Taleb at New York University and together they established Empirica Capital in 1999. Additionally, Taleb serves as an adviser to Universa Investments.
The pair have specialized in tail-risk investment strategies that can post substantial returns during periods of market stress.
Taleb is the author of 2007's "The Black Swan: The Impact of the Highly Improbable" — a book that has had a lasting impact on investors and was released just before the start of the great financial crisis.
The book details the extreme impact of rare and unpredictable outlier events, and the human tendency to find simple explanations for these events, after the fact.
Here are 10 of the most thought-provoking quotes from Taleb.
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