Shared by JohnH
Hattip to Dave Lull
3 of 3 people found the following review helpful:
A Fresh Perspective- Standing the problem on its head, June 28, 2010
By N…
Shared by JohnH
Hattip to Dave Lull
3 of 3 people found the following review helpful:
A Fresh Perspective- Standing the problem on its head, June 28, 2010
By N…
nntaleb: Note 131 http://TwitPWR.com/Lb9/
We only want what we can’t get. About to go to Berlin; so I spent the ENTIRE day looking for books to read on flights. The larger my library, the more whimsical my tastes: Somehow I am craving the ANTIMEMOIRES by André Malraux, the only book I can’t s…
Swans swim in Moscow’s zoo. Nassim Nicholas Taleb named his book on financial risk “The Black Swan” based on his theory on the role of high-impact, hard-to-predict events — l…
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.