Monday, October 13, 2008

A Grey Swan?

I'm in the middle of reading "The Black Swan" by Nassim Nicholas Taleb.

I find his writing style a little tiresome after a while but the ideass in the book make for a must-read for anyone in finance and economics.

Although current events are not beyond the realm of probability - indeed, a lot of people foresaw the problems in some form or another - some of the ideas are really applicable. Hence the current "crisis" is a grey rather than a black swan.

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