planes vs banks

“The airline industry benefits from every mistake ever made anywhere on the planet. Any pilot who makes a mistake anywhere on the planet today will make your next flight safer. The banking industry is the opposite. Every mistake takes the banking system closer to total collapse. One system is antifragile, the other is fragile. The banking system failed because it was built for order and not built for the unpredictable.”

Professor Nassim Nicholas Taleb, author of “Black Swan”

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One thought on “planes vs banks

  1. .. I like N.N. Taleb!

    …however, in this quote I wonder whether mistakes in the banking system can be clearly identified? There could always be some long-term effect which prevents us from being ablte to absolutely distinguish “mistakes” from “non-mistakes”…what do you think?

    All the best fpr 2013!
    Leni

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