In an interview with CNBC, author and investors Nassim Taleb names bitcoin and real estate as potential market "tumors" resulting from easy...
Investors may appreciate easy-money monetary policy for the lift it has given markets since the pandemic in particular, but Nassim Taleb, the “Black Swan” author and risk-management guru, doesn’t think it has done them any favors.
In a freewheeling interview with CNBC’s “Squawk Box” on Thursday, Taleb said that the Federal Reserve’s decision to keep monetary policy so easy for so long until recently has created at least a couple of “tumors” in markets. And it may also have potentially misled a generation of investors into underestimating the ease of making a living picking stocks.
“Now, people will discover that there’s time value of money,” Taleb said, referencing a popular economic concept that explains why a dollar today is worth more than the same dollar at some point in the future.
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