{"id":449,"date":"2010-03-23T10:47:00","date_gmt":"2010-03-23T17:47:00","guid":{"rendered":"tag:google.com,2005:reader\/item\/d1fe2d1afda21417"},"modified":"2010-03-23T10:47:00","modified_gmt":"2010-03-23T17:47:00","slug":"6-heroes-of-the-credit-crunch-23032010","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2010\/03\/6-heroes-of-the-credit-crunch-23032010\/","title":{"rendered":"6 Heroes Of The Credit Crunch &#8211; 23\/03\/2010"},"content":{"rendered":"<p>Finally, a bonus hero: <a href=\"http:\/\/www.fooledbyrandomness.com\/\">Nassim Nicholas Taleb<\/a>, the trader-turned-author of <a href=\"http:\/\/books.global-investor.com\/books\/251065.htm?ginPtrCode=11128\"><em>The Black Swan<\/em><\/a> and <a href=\"http:\/\/books.global-investor.com\/books\/168556.htm?ginPtrCode=11128\"><em>Fooled by Randomness<\/em><\/a>. Taleb warns us not to ignore low-probability events at the &#8216;long tail&#8217;, as the effect of these &#8216;Black Swans&#8217; can be catastrophic. Also, he urges us not to confuse good outcomes (such as bumper trading profits) with sound processes. Where we see patterns, Taleb correctly identifies randomness!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finally, a bonus hero: Nassim Nicholas Taleb, the trader-turned-author of The Black Swan and Fooled by Randomness. Taleb warns us not to ignore low-probability events at the &#8216;long tail&#8217;, as the effect of these &#8216;Black Swans&#8217; can be catastrophic. Also, h&#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-449","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/449","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=449"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/449\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}