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Taleb's works usually revolve around how people making those investment decisions offload the risk onto others instead of eating the entire cost themselves, and
by magicsmoke 6y ago
Taleb's works usually revolve around how people making those investment decisions offload the risk onto others instead of eating the entire cost themselves, and as a result don't have an incentive to moderate their risk taking.
- ed312 6y agoThat is precisely the point of limited liability companies. We have decided, as a society, that we like the benefits of these over the risks. We could certainly have a discussion around scoping the limits to liability but the fundamental fact is society wants the benefits of risky projects.