Дедушка уже старенький

Nov. 23 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said he has `no particular regrets' about his time at the central bank, adding that the deepening U.S. housing-market slump isn't a result of his policies.

``Markets are becoming aware of the fact that the decline in house prices is not stopping,'' Greenspan said today in Oslo. ``I have no particular regrets. The housing bubble is not a reflection of what we did, as it is a global phenomenon.''

Дедушка уже старенький

Nov. 23 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said he has `no particular regrets' about his time at the central bank, adding that the deepening U.S. housing-market slump isn't a result of his policies.

``Markets are becoming aware of the fact that the decline in house prices is not stopping,'' Greenspan said today in Oslo. ``I have no particular regrets. The housing bubble is not a reflection of what we did, as it is a global phenomenon.''

Баян!!! Было 95 лет назад

LONDON, England (CNN) -- More than 150 people have abandoned a sinking cruise ship that collided with an iceberg in Antarctic waters, a Chilean navy captain told CNN.

Баян!!! Было 95 лет назад

LONDON, England (CNN) -- More than 150 people have abandoned a sinking cruise ship that collided with an iceberg in Antarctic waters, a Chilean navy captain told CNN.

Налетай!

Живого Талеба дают.

What happens, if you teach people portfolio theory, OK, and this is what they do, they stand around teaching portfolio theory and then they tell you sometimes it doesn't work. Effectively, the impact of the days when it doesn't work dwarfs the impact of the days when it works, so in other words, the exception determines everything in the markets. And if they were to teach these exceptions, it would, number one, disqualify them, you know, because portfolio theory and what we use, like sigma, variance, beta, schmeta, all these things don't work, OK and so it would be incompatible for them to tell you there are crises, this is what shapes they have, this is what happens, and at the same time teach you portfolio theory.

BONUS: Traders were trading options in a very smart way for a long time before, you see. So we went back through history and effectively, discovered that since 1870, traders have been able to price options, taking into account possibility of catastrophes. [...] And we teach each other and once in a while there's an interruption because like the war. We had - the war of 1914 killed option trading for a while and then things resumed and then the second war killed options trading again. We found German sources. These guys figured out everything we know today, literally, OK, about option trading, all the tricks that we traders know today, they figured out how to do arbitrages and all that, how to price options.

Налетай!

Живого Талеба дают.

What happens, if you teach people portfolio theory, OK, and this is what they do, they stand around teaching portfolio theory and then they tell you sometimes it doesn't work. Effectively, the impact of the days when it doesn't work dwarfs the impact of the days when it works, so in other words, the exception determines everything in the markets. And if they were to teach these exceptions, it would, number one, disqualify them, you know, because portfolio theory and what we use, like sigma, variance, beta, schmeta, all these things don't work, OK and so it would be incompatible for them to tell you there are crises, this is what shapes they have, this is what happens, and at the same time teach you portfolio theory.

BONUS: Traders were trading options in a very smart way for a long time before, you see. So we went back through history and effectively, discovered that since 1870, traders have been able to price options, taking into account possibility of catastrophes. [...] And we teach each other and once in a while there's an interruption because like the war. We had - the war of 1914 killed option trading for a while and then things resumed and then the second war killed options trading again. We found German sources. These guys figured out everything we know today, literally, OK, about option trading, all the tricks that we traders know today, they figured out how to do arbitrages and all that, how to price options.

Еще один защитник Америки

Bloomberg -- Denouncing the ``Putin regime'' as ``criminal,'' Berezovsky said the U.S. and Europe fail to recognize that authoritarian rule in Russia poses a ``danger for the West.''

Надо, наверное, скорее построить в Чехии очень большой радар.

Еще один защитник Америки

Bloomberg -- Denouncing the ``Putin regime'' as ``criminal,'' Berezovsky said the U.S. and Europe fail to recognize that authoritarian rule in Russia poses a ``danger for the West.''

Надо, наверное, скорее построить в Чехии очень большой радар.