Yesterday I wrote about a white paper “Black Swans Turn Grey” from PwC. Here’s a footnote to that post. I had a good chuckle when I read about these “new black swan risks”. The authors suggest that all these…
The iPhone 4S of enterprise risk management
Last year Apple released the iPhone 4S and critics pointed out it was pretty much the iPhone 4 with a big-s glued on. Although there were some minor improvements from the iPhone 4, overall it was pretty much the…
How to Make a Peanut Butter Sandwich: Nassim Taleb
A website dedicated to the popular show Lost published a post a while back about how each of the characters on the show would make a peanut butter and jam sandwich. I have borrowed this idea to illustrate how some…
Voldemort vs Taleb Deathmatch
With all the hype surrounding the final Harry Potter movie, I thought I would compare Voldemort to Nassim Taleb, financial guru and author of the book “The Black Swan”, to see who is greater. (Plus I thought it might be funny.) (Removed a…
Boston Red Sox vs. Santa Monica Black Swan
While researching for new reasons why Taleb is nuts, I came across this story about his former right-tailed man, Mark Spitznagel. This guy has managed to get 15 investors to ante a minimum of $50 million on a bet that…
Another great Taleb quote
Last October, I wrote a post explaining the top 5 reasons that Nassim Taleb is nuts. It garnered me much praise from the blogosphere, and surprisingly no financial reward. Today I get to share another fabulous quote by Mr. Taleb, famed…
Top 5 examples of why Taleb is nuts
Well maybe calling Taleb nuts is a strong word. Perhaps eccentric is better as “nuts” may not be politically correct. But since Taleb is not politically correct at times, then let’s stick with nuts. Here are some quotes from Nassim Nicholas Taleb…
White swan vs black swan
I received a nice email from John Fraser the other day, thanking me spreading the good word about ERM through this website. For those of you who are unfamiliar with Mr. Fraser, he co-wrote what I consider to be the…
Where are all the risk management jobs?
I’ve been writing this blog almost every day since August and I’ve been rewarded by your positive feedback and over 6000 hits. In this period, I’ve reported about many ERM-related events: the S&P calls ERM “highly important”; while others suggested…
De-risk writes about Black Swans
I would like to introduce readers of Riskczar.com to the De-risk blog. Have a read at this post about Nassim Talib’s The Black Swan and poke around his blog for some other great posts. In 2008, Nassim Nicholas Talib published…