re: Taleb goes into self-imposed exile

quote:

---

I take it you folks hang on to this guy's every word because he wrote a book about a black swan. What's the point of reading about a black swan if you can't see them coming anyway, much less spending part of your life writing about it. Sounds like an a-hole

---

Agreed he's a pompous arse, but his points regarding black swans seem to be way over your head. He tries to capitalize on mispricing of risk in a world dominated by models based on normal distributions. (Not that he's necessarily perfect at implementing his plans - he somehow didn't make money in the market panic after 9/11.)

As for his offering no solutions, google "Ten principles for a Black Swan proof world." You may need at FT.com subscription, but he lays out 10 policy prescriptions. They're very 30,000-foot type views, but still much better than what we've gotten thus far, in my opinion.