Nassim Taleb

The effect on the stock market, as you realize, the previous rally that we had was driven by a very small number of names.

And now we probably have some broadening, re-broadening effects on redistribution.

But a lot of the gains in the stock market are going to be eradicated by that.

So this is why we're at a juncture of a lot of instabilities across many domains.

The effect on the stock market, as you realize, the previous rally that we had was driven by a very small number of names.

And now we probably have some broadening, re-broadening effects on redistribution.

But a lot of the gains in the stock market are going to be eradicated by that.

So this is why we're at a juncture of a lot of instabilities across many domains.