Principles for a Black Swan-Free World

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  • What is fragile should break early while it is still small. Grow nothing too big to fail.
  • No socialisation of losses and privatisation of gains.
  • Find the smart people whose hands are clean.
  • No incentives without disincentives. Don't incentivize risk where you don't want it.
  • Counter-balance complexity with simplicity.
  • Do not give children sticks of dynamite, even if they come with a warning . Ban risky financial products
  • Only Ponzi schemes should depend on confidence.
  • The debt crisis is not a temporary problem, it is a structural one.
  • Economic life should be definancialised.
  • Make an omelette with the broken eggs. Rebuild the whole system.
Cjeloviti članak By Nassim Nicholas Taleb osobno, možete pročitati ako slijedite ovu poveznicu. Ten principles for a Black Swan-proof world

 

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