Pam Davidson's Reviews > The Black Swan: The Impact of the Highly Improbable

The Black Swan by Nassim Nicholas Taleb
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's review
May 05, 11

Read in January, 2010

I found it very interesting. Basically his view (in my intrepretation) is that you should insure yourself for very highly unlikely financial occurences though financial hedging. He recommends this approach as these types of hedges are 1) very cheap and 2) will make you a great deal of money if they occur. Of course, even he admits that this is a hard thing to do.
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