Interesting article on Black Swans/Nassim Taleb

[spider]

Also, this concept could be pretty applicable to folks playing around with the yen carry trade now. Easy to make a series of small wins, but watch out for the big loss.

[felson]

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Here is Gregg Easterbrook's review of the book in the New York Times. Sorry if the link doesn't work, I've never tried to embed a link.

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[url=http://www.nytimes.com/2007/04/22/books/review/Easterbrook.t.html?ex=1334635200&en=1e34338780 a318c3&ei=5124&partner=permalink&expro d=permalink&pagewanted=all[/url]

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i just started reading TBS and came across this old thread. On his homepage, Taleb accuses Easterbrook of not reading the book.