Talbot attended Saint Martin's Episcopal School in his native Metairie in Jefferson Parish and holds an undergraduate degree in business administration from the University of Mississippi at Oxford.
[3] Talbot is a proponent of reduced spending by Louisiana government, specifically naming higher education as an area ripe for cutting.
In a June 15, 2009, letter to the editor of the Times-Picayune (New Orleans), Talbot explicitly opposed 2009 Louisiana Senate Bill 335 by Senator Lydia P. Jackson of Shreveport and criticized the increased rate of state spending for higher education over the last 10 years; Jackson's bill was an attempt to delay a state income-tax reduction as a means of forestalling a 15.4-percent budget cut to Louisiana's public universities.
On the next day (June 16, 2009) and without naming Talbot, a letter from Louisiana State Senate president Joel Chaisson appeared in the Times-Picayune.
The Talbots, part owners of Lucky Dogs Inc.,[7] are involved in various business-related organizations in Jefferson Parish.