{"id":3723,"date":"2011-08-06T13:40:28","date_gmt":"2011-08-06T20:40:28","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?guid=3dc494b7b96c17e464dca0927e5529b9"},"modified":"2011-08-06T13:40:28","modified_gmt":"2011-08-06T20:40:28","slug":"debt-deficits-and-the-demise-of-the-american-economy-an-interview-with-peter-tanous","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2011\/08\/debt-deficits-and-the-demise-of-the-american-economy-an-interview-with-peter-tanous\/","title":{"rendered":"Debt, Deficits, And The Demise Of The American Economy: An Interview With Peter Tanous"},"content":{"rendered":"<p><strong>John Nyaradi<\/strong>: In your book, you discuss risk management; you talk about \u201cfat tails\u201d and people like Friedrich Gauss and Augustin Cauchy. What do \u201cfat tails\u201d mean to us in this new world?<\/p>\n<p><strong>Peter Tanous:<\/strong> Jeff and I have done a lot of interviews since the book came out and almost nobody ever asks us about this so I\u2019m glad you did because it\u2019s really important. We have a chapter about the history of risk and how our understanding of risk in investing has changed over the centuries. I have to acknowledge a friend who has inspired me greatly and who endorsed this book very heartily and that is <a href=\"http:\/\/www.businessinsider.com\/blackboard\/nassim-taleb\">Nassim Taleb<\/a>. <a href=\"http:\/\/www.businessinsider.com\/blackboard\/nassim-taleb\">Nassim Taleb<\/a> wrote, \u201cThe Black Swan,\u201d a book that has sold over three million copies and totally revolutionized our understanding of risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>John Nyaradi: In your book, you discuss risk management; you talk about \u201cfat tails\u201d and people like Friedrich Gauss and Augustin Cauchy. What do \u201cfat tails\u201d mean to us in this new world?<br \/>\nPeter Tanous: Jeff and I have done a lot of interviews si&#8230;<\/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-3723","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/3723","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=3723"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/3723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=3723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=3723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=3723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}