Taleb says it's too late for tail-risk hedging
Erik Schatzker
Nassim Taleb, the former options trader who predicted the 2008 financial crisis in his bestseller The Black Swan, said it's too late for investors stung by the coronavirus crisis to hedge against the risk of more market turmoil.
Taleb also criticised the $US2 trillion ($3.4 trillion) economic relief package signed into law last week as a bailout for investors and for companies that drained cash or levered up to buy back stock.
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Bloomberg
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