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Black Swans, Stock Market Crashes and the Chaos Kings

The Compound and Friends

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The Importance of Managing Risk Systematically

Naseem: Value at risk and bell curves like work most of the time. But if you rely on them, talk all of the time, you're going to blow up. "If everything that you're running is based on a model that's assuming that tomorrow is going to be just like it was yesterday, you're gonna run into a steamroller," he says.

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