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Skin in the Game: Hidden Asymmetries in Daily Life

by Nassim Nichola Taleb,
The Philadelphia Inquirer, March 26, 2018

In The Black Swan (2007), Nassim Taleb, a former hedge-fund manager and derivatives trader, argued that “faux experts” had built systems that made modern economies vulnerable to rare, unforecastable, high-impact events. When the Great Recession ravaged global markets in 2008-09, Taleb became an immensely influential risk analyst.

 

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