![\"\"](\"http:\/\/images.newstatesman.com\/articles\/2010\/\/20100616_2010+24taleb_w.jpg\")
\n<\/div>\n<\/p><\/div>\nMany people believed that the banking crisis was unforeseeable, but you disagreed.<\/strong> Your investments and books have made millions. Do people ask you for financial advice?<\/strong> In what way?<\/strong> Is there one person you think is most to blame for the financial situation we find ourselves in?<\/strong> A new version of The Black Swan<\/em> has just come out. What’s the theory behind it?<\/strong> \u201cCameron is extraordinary. He\u2019s the only thing we have left\u201d <\/p>\n Many people believed that the banking crisis was unforeseeable, but you disagreed.Well, I wrote in my book The Black Swan that the banking system was…<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1748","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/1748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=1748"}],"version-history":[{"count":1,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/1748\/revisions"}],"predecessor-version":[{"id":1935,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/1748\/revisions\/1935"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=1748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=1748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=1748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Well, I wrote in my book The Black Swan that the banking system was sitting on dynamite. I made bets on it because nobody was listening.<\/p>\n
Yeah, but I don’t answer. That’s not my profession. I am a thinker. I like to use investment as a discipline.<\/p>\n
My motto is: “Never forecast anything unless you have your neck on the line.”<\/p>\n
There’s a collective, but I blame Ben Bernanke the most. He studied the Great Depression, so he should know better. Alan Greenspan is unskilled; you don’t take the unskilled seriously.<\/p>\n
There are things we don’t understand – low-probability, high-impact events – and they hurt us. In the first version, I identified those things. Now, I’ve written about what to do next.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"