Tandon in the News
Saudi Arabia crackdown and persistence of the unforeseen
- John Authers for Financial Times November 10th, 2017
- Source: https://www.ft.com/content/b2e15d16-c62f-11e7-b2bb-322b2cb39656
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.