Renowned US Economist Nassim Taleb addresses NBK VIP guests on 25 May

Published May 11th, 2009 - 08:12 GMT
Al Bawaba
Al Bawaba

Renowned US Economist Nassim Taleb addresses NBK VIP guests on 25 May
The " Black Swan" is about the impact of highly improbable and rare events such as the global financial crisis on our life.
Renowned US economic scholar Dr. Nassim Taleb, who predicted the global financial crisis in 2007, will keynote a seminar organized by the National Bank of Kuwait (NBK) on the 25th of May exclusively for the bank's VIP clients and guests.  Taleb will be addressing an exclusive and select audience on the impact and challenges of the global financial crisis sharing with them his perspective on the outlook for global financial system, relying mostly on the thesis developed in his revelatory and world best seller " The Black Swan".
“It is a great honor for NBK to host renowned economist, Dr. Nassim Taleb. We are looking forward to his address. It is quiet  an opportunity to be able to exchange ideas with the very person who actually first predicted the global economic crisis. This interaction should open doors for discussion on the impact and challenges of the current economic situation,” said Vice Chairman Nasser Musaed Al Sayer
Hosting the renowned US economic scholar Nassim Taleb is part of NBK's endeavors to provide the Kuwaiti business community as well as the bank's VIP clients and guests with a platform to interact with influential figures, statesmen and prominent speakers. NBK's symposiums and seminars, highly commended and accredited  officially and publicly, have become an annual tradition that offer a rare opportunity to keep pace with the latest world political and economic ideas, theories and development.
With the " Black Swan", Nassim Taleb wrote a book that surprisingly describes the current financial crisis with the phenomenon of the" Black Swan". These phenomena have three components:    They are unpredictable; they  carry a massive impact and after that make it appears less random and more predictble than it was. Taleb’s black swan underlines almost everything about our world, from the rise of religion to events in our own personal lives. He questions why we don’t acknowledge the phenomenon of black swans until they occur? Part of the answer is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don’t know.
The prologue of the book states that Black Swan logic makes what you don’t know far more relevant than what you do know.
Leading reviewers across the globe have praised Dr. Taleb’s book.  The New York Times called the book “(An) engaging new book…The Black Swan has appealing cheek and admirable ambition”.
The Sunday Times said: “Funny, quirky and thought-provoking (Taleb is) engaging, lively and intelligent.” The Black Swan has so far been translated into 28 languages and was the best selling publication in the world in 2007 and 2008.