Saudi Arabia crackdown and persistence of the unforeseen

Nassim Taleb is a distinguished professor of risk engineering at NYU Tandon.

Finally, the risk and uncertainty in the situation could scarcely be higher. Nassim Nicholas Taleb, viewed by many in the market as a godlike oracle on the subject of risk, has called Saudi Arabia the most “fragile” nation on earth. That is because its institutions have never been tested by a change of power. Italy or Japan may have many changes of prime minister but the stability of their institutions makes them robust.


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