Tuesday, July 22, 2008

The BLACK SWAN

"The market was being run by mathematicians that didn't know financial markets. And you keep hearing you know, god, that event should only happen once every hundred years, according to my model. But those every hundred years events are coming along every two or three years, which should raise some questions."

And so first quarter brought in a new awareness that boosted book sales of Taleb's Black Swan to higher numbers then Greenspan's new book!*

*Linda Bradford Raschke
LBR Group/Blog