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Ten principles for a Black Swan-proof world

April 10, 2009/

1. What is fragile should break early while it is still small. Nothing should ever become too big
to fail. Evolution in economic life helps those with the maximum amount of hidden risks – and
hence the most fragile – become the biggest.

By Nassim Nicholas Taleb

Full List: http://www.fooledbyrandomness.com/tenprinciples.pdf

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(Many thanks to Chris Gibbons http://groups.google.com/group/econ-dev?lnk=srg for passing this along. Russ)

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