Nassim Taleb: They spend trillions on nuclear weapons but can't deliver virus testing

By CNN / May 27, 2020 / marketsanity.com / Article Link

We live in a huge misallocation of resources. They focus on geopolitics not on the basic safety of citizens.

Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 200,000 risk reports, he changed careers in 2006 to become a scholar and philosophical essayist. Taleb is currently Distinguished Professor of Risk Engineering at New York University's Polytechnic Institute, but he self-funds his research and operates in the manner of independent scholars. He is the author of four novels, most notably The Black Swan and Antifragile: Things That Gain from Disorder. Taleb's works focuses on decision making under opacity, as well as mathematical and philosophical problems with probability, in other words on "what to do in a world we don't understand" as well as on the properties of systems that can handle disorder. His latest book is titled Skin in the Game.

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