The reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or “incentives” for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can. | |
— Nassim Nicholas Taleb | |
From his book: “The Black Swan“ | |
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On This Day In: | |
2021 | Givin’ It All Away |
Memories Will Remind You | |
2020 | Does Blogging Count? |
Just Like You | |
2019 | None Absolutely Certain |
Destroying The Republic | |
2018 | Maps For Those Difficult Times |
2017 | A True American Hero |
Or Desserts | |
2016 | What #AmnestyDon Is Really Afraid Of |
2015 | What Are You Doing? |
2014 | The Ideal Man |
2013 | Daring Ripples |
2012 | Evermore |
2011 | Unpredictable Opportunity |
2010 | Giants Fall In Game 2 (1 to 6) – Leave PA With 1-1 Split !! |
Archive for October 17th, 2011
Unpredictable Opportunity
Posted in Investing, Quotes, tagged Investing, Nassim Nicholas Taleb, Quotes, The Black Swan on October 17, 2011| Leave a Comment »