May. 20th, 2017

Nassim Nicholas Taleb  (An interview of Nassim Nicholas Taleb by Bloomberg TV at the SALT Conference.)

1. I don't see a train-wreck in WH.
2. The only difference between Trump and any other politician is his language or maybe he is doing things in accelerated way.
3. Why? He never had a supervisor in his life - so he is not accustomed to expressing his opinions in a way so that supervisor can understand.
4. So you have to translate what he is saying and concentrate on things Trump is trying to do.
There is a logic to Trump and to get it you have to forget about news and look at Trump as Trump. And Trump is not trying to cover up anything.

What is happening (before and now):
1. After 32 years fixing the tax code
2. Obamacare is a disaster, it needs to be replaced with smth more rational.
3. The real train-wrack is globalization. Unfactored globalization leads to concentration of companies and winner takes all the effect.
4. Trump is trying to fix situation with pseudo-elites.
5  Trump came on the platform of non-interventionism.

So he is promising to fix the system.
The problem is - Trump may not deliver.

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