Nassim Nicholas Taleb & the Black Swan

A book by Taleb, THE BLACK SWAN, sounds interesting and definitely thought (if not angst) provoking.

A few excerpts:

The Black Swan: Quotes & Warnings that the Imbeciles Chose to Ignore

Nassim Nicholas Taleb: The Black Swan: The Impact of the Highly Improbable (April 2007)

For the last 12 years, I have been telling anyone who would listen to me that we are taking huge risks and massive exposure to rare events. I isolated some areas in which people make bogus claims –epistemologically unsound. The Black Swan is a philosophy book (epistemology, philosophy of history & philosophy of science), but I used banks as a particularly worrisome case of epistemic arrogance –and the use of “science” to measure the risk of rare events, making society dependent on very spurious measurements. To me a banking crisis –worse than what we have ever seen — was unavoidable and NOT A BLACK SWAN, just as a drunk and incompetent pilot would eventually crash the plane. And I kept receiving insults for 12 years!

Quotes From the Black Swan (written b. 2003-2006) that the IMBECILES did not want to hear

to read the quotes, go to:    http://www.fooledbyrandomness.com/imbeciles.htm