Stopping the Next Economic Crisis

Nassim Nicholas Taleb is one of the few lucky investors who actually profited off the financial crisis, using a model based on his research on freak occurrences to reap a windfall for his investment firm in the early days of the stock collapse. Now Taleb is making waves with a ten-point plan in The Financial Times to protect the economy from future economic shocks. Among his suggestions: break apart large financial institutions, kick out officials who failed to see the crisis coming, reform the bonus system, and get rid of exotic, hard to understand, financial products. According to Taleb, his goal is to create "a world in which entrepreneurs, not bankers, take the risks and companies are born and die every day without making the news."