Nassim Taleb, author of “The Black Swan,” and scientific advisor at Universa Investments, says he doesn’t think the “consciousness of risks” has improved over the last 25 years. He discusses the increasing US deficit, gold as a reserve currency, the opacity of private markets, and why the Trump administration’s approach to tariffs “makes no sense.” 00:00 - Taleb on “consciousness of risks” 02:12 - What drives markets 04:23 - Taleb on the US dollar and gold as a reserve currency 07:18 - Nassim