The Equity Kicker

I read Nicholas Taleb’s The Black Swan about three years ago and loved it for the way he calls out how many people mis-understand risk.  He argues persuasively that the natural human condition is to see predictability where there is none and as a result many of us give away our chance of a [...]

Samuel Brittan has a prominent article in the FT today entitled It is time to jettison the forecasts – and who am I to argue with that?

This chimes with Taleb‘s view of the world as expressed in Fooled by Randomness and more recently The Black Swan.  In a nutshell the idea [...]