Ten principles for a Black Swan-proof world (FT)

Nassim Taleb의 10가지 충고.
글쎄 Taleb의 충고는 어디지 모르게 어색하다
본인 스스로 파생상품 운용자였으며, 유사 헤지펀드 advisor임에도 불구하고
Taleb이 자본주의의 진화 운운 하는 것은 알맹이없는 메아리에 그치기 때문이다.





Ten principles for a Black Swan-proof world (일부 발췌)
By Nassim Nicholas Taleb

1. What is fragile should break early while it is still small.
2. No socialisation of losses and privatisation of gains.
3. People who were driving a school bus blindfolded (and crashed it) should never be given a new bus.
4. Do not let someone making an “incentive” bonus manage a nuclear plant – or your financial risks.
5. Counter-balance complexity with simplicity.
6. Do not give children sticks of dynamite, even if they come with a warning .
7. Only Ponzi schemes should depend on confidence.
8. Do not give an addict more drugs if he has withdrawal pains.
9. Citizens should not depend on financial assets or fallible “expert” advice for their retirement.
10. Make an omelette with the broken eggs.

We need to rebuild the hull with new (stronger) materials; we will have to remake the system before it does so itself. Let us move voluntarily into Capitalism 2.0 by helping what needs to be broken break on its own, converting debt into equity, marginalising the economics and business school establishments, shutting down the “Nobel” in economics, banning leveraged buyouts, putting bankers where they belong, clawing back the bonuses of those who got us here, and teaching people to navigate a world with fewer certainties.

Then we will see an economic life closer to our biological environment: smaller companies, richer ecology, no leverage. A world in which entrepreneurs, not bankers, take the risks and companies are born and die every day without making the news.

In other words, a place more resistant to black swans.