Wanted dead or alive: fat-tailed black swan
| Aug 7th, 2011 | Filed under: Hedge Fund Industry Trends, Hedge Fund Operations and Risk Management, Performance, Analytics & Metrics, Today's Post | By: AAA Staff |
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By Christopher Faille
The press still seems to be discovering “fat tails” and “black swans.” In July, news outlets gave admiring coverage to the International Monetary Fund’s expression of interest in the ideas of Nassim Taleb, the perhaps-overexposed philosopher who made the phrase “black swan” a cliché upon the success of his 2007 book of that title.
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