Thursday, April 09, 2009

A Black Swan-proof World

Nassim Nicholas Taleb, the author of The Black Swan: The Impact of the Highly Improbable, has 10 principles for a Black Swan-proof world.

Check the link below. He has a practical description of each step. He feels the world needs to get back to a balanced approach, no more too big to fail. More like the biological world:
"A world in which entrepreneurs, not bankers, take the risks and companies are born and die every day without making the news."
Source: FT

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