Wednesday, June 16, 2010

Black Swan Theory


Black swan theory What is fragile should break early while it is still small. Nothing should ever become Too Big to Fail.
No socialisation of losses and privatisation of gains.
People who were driving a school bus blindfolded (and crashed it) should never be given a new bus.
Do not let someone making an "incentive" bonus manage a nuclear plant – or your financial risks.
Counter-balance complexity with simplicity.
Do not give children sticks of dynamite, even if they come with a warning.
Only Ponzi schemes should depend on confidence. Governments should never need to "restore confidence".
Do not give an addict more drugs if he has withdrawal pains.
Citizens should not depend on financial assets or fallible "expert" advice for their retirement.
Make an omelette with the broken eggs.

"If a man die, shall he live again? all the days of my appointed time will I wait, till my change come." (written by Job, chapter 14:14, 1520 B.C.).

"Behold, I shew you a mystery; We shall not all sleep, but we shall all be changed, in a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed." (written by the Apostle Paul, 1 Corinthians 15:51-52, 59 A.D.)

Impossible? Nothing is impossible to God! Call it a Black Swan if you want, I call it Good News!

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