NancyLebovitz comments on Open Thread June 2010, Part 2 - Less Wrong

7 Post author: komponisto 07 June 2010 08:37AM

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Comment author: NancyLebovitz 08 June 2010 09:18:38AM 3 points [-]

In a recent video, Taleb argues that people generally put too much focus on the specifics of a disaster, and too little on what makes systems fragile.

He said that high debt means (among other things) too much focus on the short run, and skimping on insurance and precautions.