Thursday, August 16, 2012

Nassim Taleb quote

Remember that this was likely written in 2006 (book was published in 2007).

“Likewise, dictatorships that do not appear volatile, like, say, Syria or Saudi Arabia, face a larger risk of chaos than, say, Italy, as the latter has been in a state of continual political turmoil since the second war. I learned about this problem from the finance industry, in which we see “conservative” bankers sitting on a pile of dynamite but fooling themselves because their operations seem dull and lacking in volatility.” –Nassim Taleb, The Black Swan