Nassim Taleb: ‘The Black Swan’ author in praise of the risk-takers

Taleb 240x180The writer and former options trader Nassim Taleb talks to Margareta Pagano about banking, Babylon and birdsong

By The Independent

Nassim Nicholas Taleb has a dream. It’s this: he wants us to celebrate the restaurant owners, the taxi drivers, the market traders and carpenters and all the other risk-takers who put their skin in the game and who drive the economy for the rest of us.

“Let’s call it a National Entrepreneur Day,” declares the author of the best-selling The Black Swan, and have a day devoted to entrepreneurs, because they are the heroes who at times take suicidal risks for the mere survival of the economy: “Optionality makes things work and grow – the UK and the US have a fantastic history in risk-taking, in trial and error, without shame in failing and starting again. We need to recover that spirit.” Read more >