Nassim Nicholas Taleb, author of the hit book The Black Swan: The Impact of the Highly Improbable, has shared ten principles with the Financial Times that he believes can help make our world more resistant to unexpected events. Taleb says using these guiding principals will make our economic world resemble a healthy, balanced biological environment, with “smaller companies, richer ecology, no leverage. A world in which entrepreneurs, not bankers, take the risks and companies are born and die every day without making the news.”
He begins:
1. What is fragile should break early while it is still small. Nothing should ever become [...]
April 8, 2009
10 Ways To Protect the Economy From Black Swans
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