Show pageOld revisionsBacklinksBack to top You've loaded an old revision of the document! If you save it, you will create a new version with this data. Media Files ====Ten principles for a Black Swan-proof world==== via: http://www.ft.com/cms/s/0/5d5aa24e-23a4-11de-996a-00144feabdc0.html?nclick_check=1 1. What is fragile should break early while it is still small. Nothing should ever become too big to fail. 2. No socialisation of losses and privatisation of gains. 3. People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. 4. Do not let someone making an “incentive” bonus manage a nuclear plant – or your financial risks. 5. Counter-balance complexity with simplicity. 6. Do not give children sticks of dynamite, even if they come with a warning. 7. Only Ponzi schemes should depend on confidence. 8. Do not give an addict more drugs if he has withdrawal pains. 9. Citizens should not depend on financial assets or fallible “expert” advice for their retirement. 10. Make an omelette with the broken eggs. Please fill all the letters into the box to prove you're human. Please keep this field empty: SavePreviewCancel Edit summary Note: By editing this page you agree to license your content under the following license: CC Attribution-Share Alike 4.0 International taleb_robustness.1239177117.txt.gz Last modified: 2009-04-08 07:51(external edit)