The James Altucher Show

Join us as we delve into the captivating world of Wall Street's most unexpected profits. In this episode, we interview Scott Patterson, acclaimed Wall Street Journal reporter and author of the fascinating book, Chaos Kings: How Traders Make Billions in the New Age of Crisis.Drawing upon his extensive research and insider knowledge, Scott reveals the secrets of how traders manage to transform unprecedented events, such as the 'Black Swan' and  'Dragon King' phenomena into extraordinary profit-making opportunities.One faction, led by Nassim Nicholas Taleb, bestselling author of The Black Swan, believes humans can never see the big disaster coming. In their view, while inevitable, extreme events—so-called Black Swans—will always catch us by surprise. In 2007, Taleb’s longtime collaborator, Mark Spitznagel, launched the Universa hedge fund, which would make billions protecting investors against unforeseen chaos in the market.A second faction, which relies on complex formulas, believes looming chaos can be detecte