The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Friday, December 12, 2008
Taleb: “It’s worse than Roubini thinks”
We missed this last week, but Nassim “I see Black Swans” Taleb believes Nouriel Roubini isn’t being bearish enough.
Click the image for the clip. The whole video interview with Charlie Rose can be found here.
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