nntaleb: The Bed of Procrustes: Philosophical & Practical Aphorisms”, N N Taleb (of Amioun), c. Jan 2011 www.fooledbyrandomness.com/aphorisms.pdf
HatTip to Dave Lull
Nassim Nicholas Taleb is the author of The Black Swan. He is at work on a paper called “Why Did the Crisis of 2008 Happen?” (Links to NNT pdf)
“The captain goes down with the ship…”
Time to realize that capitalism is not about free options. The captain goes down with the ship — all captains and all ships — making everyone involved in risk-bearing accountable, no exception, none. Morally, legally, whatever can be done. That includes the Nobel (Bank of Sweden), the academic establishment, the rating agencies, forecasters, bank managers, etc.
HatTip to Dave Lull.
Since aphorisms lose their charm whenever explained, I only hint to the reader the main subject of this book, which corresponds to the central theme of Fooled by Randomness and The Black Swan, though rephrased in an aphoristic style —
nntaleb: Evidence that the ancient Levantines valued the virtue of “megalopsychia” or شهم before Christian era http://TwitPWR.com/Jih/
[Links to direct pdf download http://www.fooledbyrandomness.com/megalopsychia-pagan-syria.pdf ]
nntaleb: Catalogue raisonné (in progress) http://TwitPWR.com/JcO/
[NNT has created a nice pdf file of his aphorisms to date. Direct download FooledByRandomness.com/Aphorisms.pdf ]