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Author Topic: The Jet Cash interesting financial videos thread.  (Read 113 times)
Jet Cash
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September 26, 2019, 08:45:52 AM
Merited by dbshck (4), paxmao (2)
 #1

I've started this thread to share some of the interesting financial videos that I have watched. Please feel free to comment, but if you are adding videos, then please ensure that they are of a good informative level.

The first submission is one about bank bail-ins in New Zealand, and the banking dashboard created by the Reserve Bank of New Zealand. I think the video is well presented, and covers topics related to the current world debt crisis, and the vulnerability of savers' bank deposits.
https://www.youtube.com/watch?v=4DvFoNtfWgM
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September 26, 2019, 12:12:18 PM
Merited by Jet Cash (5)
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Hello JetCash,
I recently discovered Nassim Taleb, the guy is a trader and a writer. He created the concept of Anti fragility.

The idea is like this. What is fragile? If you have a bag and you put a fragile sticker, it would be a bag that you shouldn't mishandle.
The opposite of fragility would not be robust (which is resistant to mishandle), but something that would  be benefited from a mishandle. Things that gain from disorder.

An antifragile bag would have a sticker "please mishandle".

This idea of antifragility comes from his trading experience, because he likes the idea to be benefited by volatility. In finances, people use to avoid volatility, as in life.
The anfragilility would be to prepare yourself, and be benefited from Dark Swan events, like a huge financial crisis (which is a high volatility event)


This video is not a typical financial conversation, but it goes deeper in a more physiological and philosophic level. I think it is worth watching at least the first few moments.
https://www.youtube.com/watch?v=MMBclvY_EMA
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September 26, 2019, 01:36:14 PM
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Thanks for posting that, and I think I need to spend some time watching it in a quieter place. I seem to thrive on uncertainty, and I find certainly boring, and not much of  challenge.
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September 27, 2019, 08:46:56 PM
 #4

Hello JetCash,
I recently discovered Nassim Taleb, the guy is a trader and a writer. He created the concept of Anti fragility.

With due respect to Taleb, the changing the name from "resiliency" to "antifragility" does not create anything new.
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September 27, 2019, 10:12:03 PM
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With due respect to Taleb, the changing the name from "resiliency" to "antifragility" does not create anything new.

Resilience is not antifragility.

According to google dictionary, it is close to robust:

resilience
(noun)
1.
the capacity to recover quickly from difficulties; toughness.
"the often remarkable resilience of so many British institutions"
2.
the ability of a substance or object to spring back into shape; elasticity.
"nylon is excellent in wearability and resilience"

And Robust is not antifragility.

Antifragility is something that gain from chaos and disorder. Robust or Resilient is something that isresistant or can quickly recover from chaos and disorder. Those concepts are very different.

Like the example I said. It is like putting a sticker in your bag saying "Please mishandle"


This idea comes from his experience as an option trader.

I will make an example:

Antifragility x World Crisis - An option trader can benefit from chaos. He maybe  shortening stocks in a crash and he will make 10000% in a crash. He gained from the disorder.

Resilient to World Crisis -  Buying bonds or gold with liquidity when stock market crashes. He is resistant to the crash, but didn't benefit from it.


Or an example closer to our reality:
Shortening bitcoin (antifragile to bitcoin crash) x Buying Tether (resilient to bitcoin crash)
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September 28, 2019, 09:42:21 AM
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I don't see how this is the most serious of serious threads which is what this area is supposed to be for. Seems more appropriate for "off topic" or something.
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September 29, 2019, 06:59:20 AM
Merited by paxmao (1)
 #7

>..<

Thank you for your interest, and for bumping this thread. I posted it on this board, as the board seems to attract fewer distractiiong posts, and unfortunately, I include your post as one of these.

Bitcoin is a new(ish) creation to help the general public to avoid the predations of the banksters, and the support they seem to get from various governments. Bail-ins are one of the tricks used to "steal" depositors money, and move it to the coffers of the wealthy elite. I think it is important for this to be discussed openly in a mature fashion, and I hope that Bitcoin Talk members will take part in this discussion. On the face of it, the second video poster about chaos theory may not seem to be relevant, but, in my opinion, financial chaos will be created by the collapse of the current banking system, and that will obviously create price volatility. As the poster states, this volatility will create profit opportunities for those who are prepared to seize them. I am grateful to the member for posting that video.
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October 07, 2019, 11:10:10 AM
Merited by dbshck (4)
 #8

I recently found this channel, Real Vision Finance. They produce exceptional quality content, mostly topical in long form interview style. I have been impressed with every video from them I have seen so far. I will be back to post more later I am sure considering economics and finance is a subject I am always interested in learning more about.
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