{"id":2190,"date":"2010-08-19T00:09:24","date_gmt":"2010-08-19T07:09:24","guid":{"rendered":"tag:google.com,2005:reader\/item\/5976a9b8fa883368"},"modified":"2010-08-19T00:40:58","modified_gmt":"2010-08-19T07:40:58","slug":"deep-read-nassim-taleb-the-black-swan-guy-planet-money-npr","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2010\/08\/deep-read-nassim-taleb-the-black-swan-guy-planet-money-npr\/","title":{"rendered":"Deep Read: Nassim Taleb (The Black Swan Guy) : Planet Money : NPR"},"content":{"rendered":"<div>\n<div>\n<p>by <span>Jacob Goldstein<\/span><\/p>\n<p>Here&#8217;s the latest Planet Money Deep Read \u2014 our occasional series of long-ish interviews with writers and thinkers.<\/p>\n<\/div>\n<\/div>\n<div>\n<p>Today, we hear from Nassim Taleb, the former Wall Street trader who published a book called the Black Swan back in 2007. The book was re-issued earlier this year, with a long new section called &#8220;On Robustness &amp; Fragility.&#8221;<\/p>\n<div>\n<div>\n<h3><a title=\"Nassim Taleb interviewed on The Deep Read\" href=\"http:\/\/www.npr.org\/blogs\/money\/2010\/08\/18\/129276793\/deep-read-nassim-taleb-the-black-swan-guy\" target=\"_blank\">Listen to the Deep Read<\/a><\/h3>\n<div>[19 min 26 sec]<\/div>\n<\/div>\n<\/div>\n<p>The book argues that most economic models fail because they don&#8217;t  take into account rare, high-impact events that wind up driving history.  (Taleb calls these events Black Swans.) The argument came out looking pretty good after the 2008 financial  crisis.<\/p>\n<p>The new section of the book includes, among other things, a prescription for withstanding a Black Swan.<\/p>\n<p>The short version: Get rid of debt.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>by Jacob Goldstein<\/p>\n<p>                                                      Here&#8217;s the latest Planet Money Deep Read \u2014 o&#8230;<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,5,4],"tags":[132,297,168,173,19,150,174,296],"class_list":["post-2190","post","type-post","status-publish","format-standard","hentry","category-audio","category-feeds","category-john","tag-bernanke","tag-clawbacks","tag-debt","tag-geithner","tag-nassim-taleb","tag-npr","tag-summers","tag-the-deep-read"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2190","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=2190"}],"version-history":[{"count":3,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2190\/revisions"}],"predecessor-version":[{"id":2191,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2190\/revisions\/2191"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=2190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=2190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=2190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}