[/caption]
After having read both his books, “The Black Swan” and “Fooled by Randomness” written by Nicholas Nassim Taleb, I’ve been rethinking my whole paradigm about achieving financial freedom.
For those of you who haven’t heard about Nicholas Nassim Taleb, you can read about him here or visit his website.
Systemic Risks to Financial and Economic Life
Nicholas Nassim Taleb (NNT) has been talking about the systemic risks posed by the rising complexity of financial markets coupled with the over-leveraging scenarios that blew up in the world’s face during the sub-prime crisis. This was the climax of the housing asset bubble building up in the US and spread to the world in the form of collaterised debt obligations (CDOs) that were too complex for even financial institutions and regulators to understand.
Even in Singapore we were not spared as innocent uncles and aunties along with “savvy” investors were hit by the Lehman minibonds scandal that saw a number of retirement savings go up in smoke due to the credit default of Lehman Brothers. Read more...[caption id="attachment_3583" align="alignright" width="150" caption="Photo by geishaboy500"][/caption]
After having read both his books, “The Black Swan” and “Fooled by Randomness” written by Nicholas Nassim Taleb, I’ve been rethinking my whole paradigm about achieving financial freedom.
For those of you who haven’t heard about Nicholas Nassim Taleb, you can read about him here or visit his website.
Systemic Risks to Financial and Economic Life
Nicholas Nassim Taleb (NNT) has been talking about the systemic risks posed by the rising complexity of financial markets coupled with the over-leveraging scenarios that blew up in the world’s face during the sub-prime crisis. This was the climax of the housing asset bubble building up in the US and spread to the world in the form of collaterised debt obligations (CDOs) that were too complex for even financial institutions and regulators to understand.
Even in Singapore we were not spared as innocent uncles and aunties along with “savvy” investors were hit by the Lehman minibonds scandal that saw a number of retirement savings go up in smoke due to the credit default of Lehman Brothers. Read more...
[/caption]
After having read both his books, “The Black Swan” and “Fooled by Randomness” written by Nicholas Nassim Taleb, I’ve been rethinking my whole paradigm about achieving financial freedom.
For those of you who haven’t heard about Nicholas Nassim Taleb, you can read about him here or visit his website.
Systemic Risks to Financial and Economic Life
Nicholas Nassim Taleb (NNT) has been talking about the systemic risks posed by the rising complexity of financial markets coupled with the over-leveraging scenarios that blew up in the world’s face during the sub-prime crisis. This was the climax of the housing asset bubble building up in the US and spread to the world in the form of collaterised debt obligations (CDOs) that were too complex for even financial institutions and regulators to understand.
Even in Singapore we were not spared as innocent uncles and aunties along with “savvy” investors were hit by the Lehman minibonds scandal that saw a number of retirement savings go up in smoke due to the credit default of Lehman Brothers. Read more...
