I bet this Monte Carlo fire, with the shut down of the strip, the Miss America contest this weekend, lost revenue at the Hotel and Casino, damage to the building and reputation, potential lawsuits, etc… will be one of the TOP losers in casino history for the company that manages “risk” everyday
TheExecutive putting Taleb’s The Black Swan down to a single sentence. And also, why we have no idea what we’re talking about when it comes to predictions and planning.
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Irrelevant to this post, but PBS has Commanding Heights: The Battle for the World Economy streaming here:
http://www.pbs.org/wgbh/commandingheights/hi/story/index.html
Sorry if you already knew this.
I’d be interested in reading any other thoughts you had about the Black Swan. I’m about half way through and find it very interesting so far.
Email me if you want