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 - What is fragile should break early while it is still small. Nothing should ever become too big to fail. - No socialisation of losses and privatisation of gains. - People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. - Do not let someone making an “incentive” bonus manage a nuclear plant – or your financial risks. - Counter-balance complexity with simplicity. - Do not give children sticks of dynamite, even if they come with a warning. - Only Ponzi schemes should depend on confidence. - Do not give an addict more drugs if he has withdrawal pains. - Citizens should not depend on financial assets or fallible “expert” advice for their retirement. - Make an omelette with the broken eggs. see also: [[black swan]] (and in more detail [[resilients:taleb's rules]]) 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.1334238691.txt.gz Last modified: 2012-04-12 13:51by nik