medium.com · Saved

Corporate Socialism: The Government is Bailing Out Investors & Managers Not You

medium.com/incerto/corporate-socialism-the-government-is-bailing-out-investors-managers-not-you-3b31a67bff4a

What Jamie wrote

Taleb is full of himself, but he's also smart and often right.

I appreciate his specific callout that a pandemic is not a Black Swan.

Had they read that book, they would have known that such a global pandemic is explicitly presented there as a white swan: something that would eventually take place with great certainty.

Also an interesting take that if your industry is bailed out, by definition you are a utility and should operate differently.