existence precedes essence ;(
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pathetic. It seems like anyone who is put into a position of unadministered power and zero consequence becomes unethical and immoral as possible. even if for the short-term they act like they have our interests in mind. quite depressing
is it possible in today's society, where the power structures are so rigid, to ever take power away from the bankers? will we just have to wait until there are ethically responsible ones?
Well, from what I understand of the black swan is that Nassim, according to his theory, knows there will be a Hitler (black swan) but the predictability of when it will happen in the future is the issue of contention. If you got to a close enough of a timeline where you were able to oversee the various factors that contributed to the rise of hitler and nazism, then yes there is predictability, but that's because you were given so much information. Why the distate for taleb? Even though his ideas might not flow smoothly in the context of history, he has made fortunes out of assuming underlyings of black swans and it's served him pretty well.
not directly finance related, but Nassim Taleb's Black Swan explores some very cool ideas. also here's a large collection of pdfs of finance related books, enjoy