Nassim Taleb on Living a Good Life in an Age of Volatility
Odd Lots
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Economic Fragility and Market Volatility
This chapter explores the consequences of tariffs and trade policies on economic stability, highlighting the disconnect between high-margin industries and low-margin jobs. It further examines the nature of market volatility, distinguishing between regular fluctuations and tail events, while emphasizing the unpredictability of black swans and gray swans. The discussion also addresses the fragility of political and economic systems, stressing concerns over debt crises and the implications of rising global powers.
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