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A World Without Black Swans
by robokow
Contrarian-du-jour Nassim Nicholas Taleb has published Ten Principles for a Black-Swan Free World in the FT. My favorites:
3. People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with [...]