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Jim's Quote of the Day:
"Once again, recall the story of banks hiding explosive risks in their portfolios.
It is not a good idea to trust corporations with matters such as rare events
because the performance of these executives is not observable on a short-term
basis, and they will game the system by showing good performance so they can
get their yearly bonus. The Achilles’ heel of capitalism is that if you
make corporations compete, it is sometimes the one that is most exposed to
the negative Black Swan that will appear to be the most fit for survival." -
Nassim Nicholas Taleb: The Black Swan: The
Impact of
the Highly Improbable (2007)
