Carlos Ghosn:— Nassim Nicholas Taleb (@nntaleb) November 27, 2018
Lesson 101 in TAIL RISK mgmnt is to work backwards: FIRST, figure out exactly what would ruin you, THEN eliminate/mitigate.
It's the modus operandi of investors s.a. Warren Buffet...all SURVIVORS.
And Stalin/mafia chiefs: find out WHO could wack you & preempt.
November 28, 2018
Figure out what will ruin you - risk management - golden words
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