Filed under: Merrill Lynch (MER), Books, Bear Stearns Cos (BSC)

Nassim Nicholas Taleb is looking pretty good. In his 2007 book The Black Swan, the futures trader turned philosophy guru warned about the impact that large, fat-tail events can have on financial markets. He has been saying for years that traditional risk management models are inadequate and The Bear Stearns Companies (NYSE: BSC), Merrill Lynch & Co., Inc. (NYSE: MER), and just about everyone else are probably agreeing with him right about now.

The Black Swan has outsold Alan Greenspan’s new book — a testament to the intelligence of readers. With the meltdown in housing, Taleb is finally getting the media attention her deserves.

The latest issue of Bloomberg Markets has a fantastic profile of him, as does Fortune.

Continue reading Market stumbles on a black swan

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This entry was posted on Thursday, April 3rd, 2008 at 10:10 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.