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October 14, 2008

Quote du Jour: Taleb Again

I know Nassim Taleb brings out strong feelings in people, but you have to admit the following quote from my friend Nassim is good:

We refused to touch credit default swaps. It would be like buying insurance on the Titanic from someone on the Titanic.

     -- Bloomberg

Congrats to him, by the way, for great performance this year at the funds he advises.

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