Nicholas Nassim Taleb appeared on Newsnight on Friday night, angry to the point of being inarticulate.
This was hard to watch, but fascinating: Emily Maitlis appears not to understand what Taleb is saying. The other two guests, both economists, trot out excuses for why they missed the current crisis and happily make predictions about what will happen to a complex and uncertain crisis. Meanwhile Taleb infuriates everyone in the studio by refusing to make predictions and banging on with his core argument: why the experts didn’t and don’t understand risk and should not be allowed to carry on using their discredited risk management models.
