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“ But in all my experience, I have never been in any accident… of any sort worth speaking about.
I have seen but one vessel in distress in all my years at sea.
I never saw a wreck and never have been wrecked nor was I ever in any predicament that threatened to end in disaster of any sort. ”
— E.J.Smith, 1907, Captain, RMS Titanic
via “the black swan”
via “the black swan”
is this even possible?
01.11.09
[Flash 9 is required to listen to audio.]
Podcast with Nassim Nicholas Taleb, 2007.
Explaining why our usual ways of thinking at events in life are basically wrong.
Also, in 2007: “Globalization creates interlocking fragility, while reducing volatility and giving the appearance of stability. In other words it creates devastating Black Swans. We have never lived before under the threat of a global collapse.
Financial Institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks – when one fails, they all fall.” Spot on.
“ Scream your lungs out,
wait for laughter -
You don’t have to wait forever;
Where’s the next disaster? ”
— In Flames feat. Lisa Miskowsky
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