Taleb On Literary Theory

The man who made the Black Swan a household item, provides some valuable literary insight.

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Quote Of The Day From Nassim Taleb "A Return To Normalcy Would Be Black Swan"

The Vice Chairman of Doom, Nassim Taleb, was very eloquent today, claiming the next Black Swan event would be "for us to emerge out of this unscathed and return to normalcy. Compared with the Great Depression, this crisis is very different, and it requires much more drastic action.”

Tim Geithner must surely be relieved that he is on the receiving end of 6 sigma probabilities. Sphere: Related Content

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Nassim Taleb's Facebook Accountability Initiative

Nassim Taleb of Black Swan and fat tail fame, has created a Facebook site called "Make Bankers Accountable." It is feasible that this could become the 21st equivalent of the million man march on Washington. We fully endorse the initiative. Maybe eventually Obama will realize just how angry the general public is becoming.

The group's mission statement:

"At Davos 2009, Taleb was quoted as saying that people like Robert Rubin, who received over $100 million serving as chairman of New York-based Citigroup Inc.'s executive committee, need to be punished for their failure to understand the risks their institutions were taking. He said that unless Rubin and others like him are made to mandatorily return their bonuses or are given some other punishment, the system that regrettably emerges is one "in which it’s the worst of capitalism and socialism, a situation in which profits were privatized and losses were socialized. We taxpayers have the worst.”

Investment bankers are way ahead; the small guy is paying the price

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