PERSPECTIVE “Less than 0.25 percent of all the companies listed in the world rep

PERSPECTIVE

“Less than 0.25 percent of all the companies listed in the world represent around half the market capitalization, a less than minuscule percentage of novels on the planet accounts for approximately half of fiction sales, less than 0.1 percent of drugs generate a little more than half the pharmaceutical industry’s sales — and less than 0.1 percent of risky events will cause at least half the damages and losses.” – Taleb

Average people and average things don’t really ‘matter’. It’s the radical outliers that make the difference. Because they actually make a difference.

The economy is much scarier and fragile than absurd positivist progressive economists argue.