I’ve just finished reading Black Swan by Nassim Nicholas Taleb and I have to agre with the positive reviews this book has received, it is a must read – Taleb is a genious who must be heard by Financial Regulators.
One of the tools he advocates abolishing is VAR (Value at Risk) this is a tool [...]
Archive for January 16th, 2009
Black Swan
Posted in economy on January 16, 2009 | 4 Comments »
Oops there goes the złoty again
Posted in Poland, economy on January 16, 2009 | 3 Comments »
So the złoty might be going down hill against the euro and other currencies but the worst impact will be how it is comparing against the Swiss franc. I have a lot to write on this subject, most of which would be along the lines of “I told you so”…..
Estimates are that up to PLN [...]
