Tag Archives: Taleb

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

Life isn’t short: But we’ve learnt to squander our time like spendthrifts

SUMMER’S lease is drawing to a close again. With less than a month until the autumnal equinox on 22 September, we’re running out of time to complain about the disappointing weather or attempt to cook burgers in one another’s backyards. Or, from another point of view, there’s four weeks left before the summer of 2012 is over: what shall we do with all that time? Continue reading

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Filed under Human nature, Liberal education, Literature

Even Disney can’t pick a winning movie script

SPARE a thought for the Mouse. Disney’s latest movie spectacular, John Carter, has lost the company $200m (£127m) after a disastrous opening. Meanwhile The Hunger Games opens at cinemas today on speculation that it will achieve a record-breaking run. Lionsgate, the studio responsible, has seen its stock rise some 75 per cent this year as the momentum has gathered. Continue reading

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Filed under Art, Business, Economics, Film, Innovation