DiscoverSquawk PodLessons from Election Market History; “The Black Swan” Author Nassim Taleb
Lessons from Election Market History; “The Black Swan” Author Nassim Taleb

Lessons from Election Market History; “The Black Swan” Author Nassim Taleb

Update: 2020-11-09
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Ed Clissold, market strategist for Ned Davis Research Group, puts this week’s election in perspective with market and election data going back to 1900. Historically, a Republican incumbent victory prompts a market rally in the short term, but a reversal in the year following. Essayist and “Black Swan” investor Nassim Nicholas Taleb outlined the risks of a pandemic earlier in 2020, and now says the solution is simple, if only governments around the world could move past their coronavirus denial. Taleb - who advises Universa Investments, with 100%+ annual return from 2008-2019 - says victor predictions are a sign of incompetence; his election calculus: 50/50. Plus, Covid-19 cases continue to rise as we head into the holiday season.

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Lessons from Election Market History; “The Black Swan” Author Nassim Taleb

Lessons from Election Market History; “The Black Swan” Author Nassim Taleb

CNBC