The Black Swan Report

Q&A, Excerpt of OWP 2010 Evening Session with Nassim Nicholas Taleb – Author of the international bestseller The Black Swan. We live in a complex system that delivers extreme deviations. Current risk management and economic analyses methods fail us in such a system because of low predictability. What should we do in such an environment? In this evening session, Taleb will present simple rules (lower leverage, less reliance on deficit spending, less mathematical risk management) for a black swan robust economic system.