Nassim Nicholas Taleb
Nassim Nicholas Taleb is the best-selling author of the book The Black Swan. Taleb took the name of his book from an old European saying that referred to a "black swan" as something that could never exist. However, when Europeans encountered the continent of Africa, they found actual black swans, making what was formerly though impossible, possible. Taleb has popularized the term "Black Swan" to refer to the role of randomness and uncertainty in complex global financial markets.
Fast Facts
- Native of Lebanon
- Author of The Black Swan
- Bases predictions on findings of mathematician Benoit Mandelbrot
- Predicts catastrophic collapse of global economy
Quotes
"The increased concentration among banks seems to have the effect of making financial crises less likely, but when they happen they are more global in scale and hit us very hard... True, we now have fewer failures, but when they occur—I shiver at the thought."—Taleb, from The Black Swan
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