Mark Spitznagel pushes the throttles on his new twin-engine Chris-Craft Corsair 28, slicing through Grand Traverse Bay in northern Michigan on a warm day in late July. As the speedboat reaches more than 50 miles per hour, Spitznagel’s blond hair flying in the wind, he churns up a big wake.
Nassim Taleb believes in probabilities, not predictions, but at times it can be hard to tell the difference. “The real Black Swan event,” he said in June, “is that people are not rioting against the banks in London and New York.”
As hours tick off the clock on Friday afternoons, it’s natural for minds to drift from numbers on computer screens to wonderful weekend distractions like golf courses and gardens and Little League fields.
President Barack Obama’s administration has perpetuated the causes of the 2008 financial crisis by failing to break up the largest U.S. banks, according to New York University’s Nassim Nicholas Taleb, author of the book “The Black Swan.”
Overnight LLC, an independent film producer in New York, sued its former president, Aaron Kaufman, claiming his “gross lapses in judgment” cost the company and its founder a producer’s credit for the film “Black Swan.”