Sunday, April 12, 2009

Nassim Taleb on how to prevent financial Black Swans

In an attention-grabbing article in Financial Times, Nassim Taleb has narrated ten rules which will prevent economic disasters. I am thankful to Prof.TT Rammohan's blog for providing reference to this.
The ten commandments to definancialise the economy are very interesting.They are also a knee-jerk reaction to recent extreme events. In our anxiety to prevent Black Swans, we should not depopulate all swans.

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