Best thing to happen to Trump was going bust: Nassim Taleb

The best thing to happen to Donald Trump, the American President-elect was becoming bankrupt, writer Nassim Nicolas Taleb today said.
"I think the best thing that ever happened to Trump was losing a billion dollars. Trump was bust, at least once. The fact that he lost a billion dollars made him look real," he said.
The Lebanese-American essayist, whose work focuses on problems of randomness, probability, and uncertainty, was speaking at the ongoing Jaipur Literature Festival here.
He is best known for his 2007 book, "The Black Swan: The Impact of the Highly Improbable," in which he talks about the inability to predict unusual events which have severe consequences.

His works have a common thread running through them -- the fallibility of human knowledge, uncertainty and the role of chance.
Taleb, who was among the few who predicted the financial collapse of 2008, criticised outgoing US President Barack Obama for going easy on bankers who caused the fall.
"Robert Rubin made a 110 million dollars in bonuses from CitiBank over 10 years. When CitiBank went under, he didn't return his bonuses, the taxpayers paid the bill.
"Unfortunately under Obama, things got a lot worse because bankers were bailed out by the taxpayers. Obama is all cosmetics by the way. The largest bonus pool in history was in 2010," he said.