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This was predicted by Nicholas Nassim Taleb in the Black Swan. We're reducing the small bank losses in search for "stabilities" that group up all the losses in
by technolah 18y ago
This was predicted by Nicholas Nassim Taleb in the Black Swan.
We're reducing the small bank losses in search for "stabilities" that group up all the losses in on fell swoop.
Everything fails over time. Eliminating the small failures by making things too big to fail only creates the chance for things to fail in a biggest possible way.
This isn't going to stop anytime soon.
- davidw 18y ago> This was predicted by Nicholas Nassim Taleb in the Black Swan. I got the impression that he firmly asserted that he was not in the predictions business.
- LogicHoleFlaw 18y agoThat sounds remarkably like the "controlled burn" theory of forest fire management.