Late last year, David Farr shot off his mouth and made a lot of people mad. But the insights that spring from his candid comments could make a lot of other people rich. Including you. With the inspired help of my colleague, David Gonigam, here’s the story…
Mr. Farr is the CEO of Emerson Electric. The firm makes electrical equipment, mostly for industrial customers. That said, its best-known product is likely in your kitchen sink – the InSinkErator garbage disposal.
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Roubini and Taleb: A Tale of Fat Tails
The latest from New York University professor Nouriel Roubini and Black Swan author Nassim Nicholas Taleb is that the risks of rare, “fat tail” events, with their associated financial costs, job losses, and income losses are, in modern times, getting much larger.
The full explanation is in the PBS News Hour clip below which came to our attention via a Daily Bail post on indebted grandchildren and double dips.
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