Dr. Nassim Taleb Speaks Out on Remedy for Financial Crisis: Avoid Black Swans
The man who popularized the idea of the Black Swan (see: “The Black Swan: The Impact of the Highly Improbable”, Random House, 2007) recently spoke at a NYC conference organized by the economist Barry Ritholtz. He addressed the financial and economic calamity we are embedded in.
This PDF file captures his remarks. While his ideas are largely fascinating, we cannot imagine any obvious or even subtle means to implement them. What do you think?