mercredi 16 novembre 2011

How Suppressing Volatility Makes the World Less Predictable and More Dangerous

A little bit of agitation gives motivation to the soul, and what really makes the species prosper is not peace so much as freedom. With freedom comes some unpredictable fluctuation. This is one of life’s packages: there is no freedom without noise—and no stability without volatility.

http://www.foreignaffairs.com/articles/67741/nassim-nicholas-taleb-and-mark-blyth/the-black-swan-of-cairo

May/June 2011, The Black Swan of Cairo, Nassim Nicholas Taleb and Mark Blyth

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