Bloomberg article written by: Renee Bonorchis and Miles Weiss, “Taleb Says Government Bonds to Collapse, Avoid Stocks”.
Nassim Nicholas Taleb, who warned that unforeseen events can roil markets in “The Black Swan,” said he is “betting on the collapse of government bonds” and that investors should avoid stocks.
“I’m very pessimistic,” he said at the Discovery Invest Leadership Summit in Johannesburg today. “By staying in cash or hedging against inflation, you won’t regret it in two years.” Read more…