Nassim Nicholas Taleb points to the black swan

Sep 28, 2009

ItÆs you and me, and everyone else gathered last night at the Grand Hyatt in Hong Kong to receive his lecture on why the financial crisis is far from over.

Nassim Nicholas Taleb of "Black Swan" fame reminds me of the court jesters of medieval Europe. What made them comedic was not their slapstick or bawdy antics, but their ability to speak truth to power. The jester, dressed in his clown suit, might have looked ridiculous, but he told the king the plain truth -- truth that was so overpowering, so obvious and so tragic, that the king and his courtesans could do little but laugh.

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