Friday, April 17, 2009

Taleb on a Black Swan proof world.

Good artice by Nassim Taleb from Fullermoney

Ten principles for a Black Swan-proof world:
      1. What is fragile should break early while it is still small. Nothing should ever become too big to fail. Evolution in economic life helps those with the maximum amount of hidden risks - and hence the most fragile - become the biggest.

read the rest here.

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