The real cause of the financial crisis -- An MIT Blackjack Team perspective

semyondukach.blogspot.com

26 points·fiaz··8 comments

This makes it clearer than any Taleb article I've read that black swans aren't just an external danger to investments; they're invited, even mandated, by the very structure of the market. I hope someone can come up with a better solution, though; I can't see money management being outlawed in anything less than a zombie apocalypse.

Another interesting article about this on theoildrum..

http://europe.theoildrum.com/node/5260

What do you know about the merits of this article? I had never heard of LEAP/E2020 before. They have some strong opinions on the near future:

"According to LEAP/E2020, if this alternative to the currently collapsing system has not been initiated by this summer 2009, proving that there is another solution than the « every man for himself » approach, today’s international system will not survive this summer."

> What do you know about the merits of this article?

Personally, not much actually - I hadn't heard of them either. However, I find the site to be addictive reading and the generally positive comment sections add weight to the articles.

I am convinced however that our current monetary system is fundamentally broken..

http://www.theoildrum.com/node/4611

Actually a lot of fund managers invest in their own fund, many heavily. A lot of fund investors look for that.

How did this get added again ?!

Different URL. Here's the original posting: http://news.ycombinator.com/item?id=433456

It points at semyon.com, which now redirects to blogspot.

Definitely worth reading if you missed it the first time!

apologies for the duplicate!

Reply on news.ycombinator.com