'There is Not Enough Evidence that Buffett's Success Isn't By Chance'

STAMFORD, Conn., Feb. 8 /PRNewswire/ -- In the current issue of ai5000, now online, Black Swan author Nassim Taleb states that George Soros has far more statistical evidence than Warren Buffett that his results are not by chance.

Taleb told editor Kip McDaniel in an ai5000 "Interrogation" interview that "Soros is vastly more robust. I am not saying Buffett doesn't have skill – I'm just saying we don't have enough evidence to say Buffett isn't doing it by chance."

Taleb also talked to McDaniel about journalism. "I enjoy some journalists, but journalism itself is the problem," he said, noting that journalists "have all the data/noise, but never talk about the elephant in the room. They miss it."

Taleb maintained that the quality of the UK press is much higher than the American press. "In America, [editors] reduce dimensionality; they are all programmed to write the same," he observed. "They want the illusion of control, just as they do on Wall Street."

The Taleb "Interrogation" interview also includes Taleb's frank summary of six problems faced by Fed chairman Bernanke.

Available only online, ai5000 (ai5000.com) focuses on the world's 5,000 largest owners of capital.

About ai5000

A quarterly online publication, ai5000 focuses on the 5,000 largest pools of capital in the world, across pension plans, sovereign wealth funds, endowments, foundations, insurance funds and other leading institutional investors. ai5000 is edited by Charles Ruffel, founder of Asset International and PLANSPONSOR, PLANADVISER and Global Custodian.

About Asset International

Asset International is a privately-held publisher and information provider to global pension funds, asset managers, financial advisers, banking service providers, and other financial institutions in the private and public sector. Asset International produces and distributes print and digital publications, conferences, research and data resources via its industry-leading brands PLANSPONSOR, PLANADVISER and Global Custodian. The company was acquired in January 2009 by Austin Ventures and has offices in New York, London and Stamford, CT.

SOURCE ai5000

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