Nassim Taleb on Occupy Wall Street

Great video from Bloomberg, hat tip to Farnam Street and Reformed Broker  Here’s Nassim Taleb (Mr. Black Swan) on bankers and Occupy Wall Street…

“Hammurabi’s code, ~3800 years ago, removed the agency problem as a condition for transaction: “If a builder builds a house and the house collapses and causes the death of the owner – the builder shall be put to death. If it causes the death of the son of the owner , a son of that builder shall be put to death.”Everything in past 100 years has been to shield managers from liabilities. Think of Fukushima.”

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