Boulder to London

I finished ‘The Black Swan’ and have moved on to ‘Bailout Nation’.  I highly recommend The Black Swan as it is a thought provoking book on how little we actually know and how to live in a world of uncertainty.  Oh yeah…don’t forget about the role luck plays!

Bailout Nation has proven to be an easy read as well.  I just got through the section discussing the collapse of LTCM and the role Greenspan played in supporting asset prices during his tenure as Fed Chairman.  I can’t imagine what it must feel like to be Greenspan today.  Here is a guy that worked hard, achieved a pinnacle role in his line or work, was praised during most of his career and has only recently been blamed and critcised for the damage his actions have caused.  I guess that’s life and we all can only make the best decisions we can at any given time.  We all live with the risk that when reflected upon through the lens of hindsight that we weren’t as clever as we thought we were.