Tag Archives: Banking

How to build a self-healing bank

BANKS should be more like cats than washing machines. So suggests Nassim Taleb, ex-trader and controversial author of The Black Swan, who has a new book out in time for Christmas. What he means is that living things – cats, economists, bankers – display a property that even our best-designed machinery lacks: a quality that he names antifragility, fragility’s true opposite. Continue reading

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Filed under Economics, Finance