Guru - Taleb's 10 rules to prevent disaster

Tuesday, February 09, 2010




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Taleb's 10 rules to prevent disaster

Wednesday, April 08, 2009
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By Daily Crux Editor, Sean Goldsmith:

Nassim Nicholas Taleb has long preached about the dreaded black swan event - a large-impact, hard to predict and rare event beyond normal expectations.

You must always hedge yourself against these events because - as we're currently seeing - no matter how improbable, when a black swan does occur, it's disastrous.

In this article, Taleb outlines 10 rules to prevent black swans.

Read full article...

Crux note: Nassim Taleb's two books, Fooled by Randomness and The Black Swan are both excellent and easy reads. And they're particularly relevant in today's market.

Topics:		Guru \| Cruxallaneous

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