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Tag Archives: Greece

As technology increases, misunderstanding of ruin by a very small number of people is sufficient to guarantee ruin

https://twitter.com/nntaleb/status/622407350482305024 https://twitter.com/nntaleb/status/622375840144302080 https://twitter.com/nntaleb/status/622127777064595456 As technology increases, misunderstanding of ruin by a very small number of people is sufficient to guarantee ruin https://www.facebook.com/permalink.php?story_fbid=10153193506938375&id=13012333374 … Greece: Neither those who made the decision to borrow nor those who made the decision to lend had skin in the game. “Other people’ money”. Friday probability quiz. X has 2 children. One […]

GREECE, GREXIT, and “EUROPE”

GREECE, GREXIT, and “EUROPE” as an unnatural proto-Nazi “Aryan” construction, or why putting Teutons and Greeks together isn’t the smartest (and most stable) idea. Nor is it natural. The least *unnatural* union for Greece is some sort of *loose* Mediterranean League of City States (and another minor Balkan connection). But again, it would need to […]

Taleb CNBC – If the butcher is a failed auction, watch out!

[youtube=http://www.youtube.com/watch?v=y9XrP_QWS-M]   NNT on CNBC May 12, 2010

Nassim Taleb, on why massive spending is sparking fears of a greater financial crisis.

[youtube=http://www.youtube.com/watch?v=GXTCq-bS-8U]   FoxBusinessNetwork — May 14, 2010 — Nassim Taleb, author of The Black Swan, on why massive spending is sparking fears of a greater financial crisis.