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.