How to make capitalism 2.0 black swan proof

Former Wall Street trader Nassim Nicholas Taleb coined the term “black swan” to refer to unpredictable events that are more common than popularly acknowledged. In his bestselling book, The Black Swan: The Impact of the Highly Improbable, Taleb challenges conventional methods of economic forecasting. He joined us in October before Barack Obama won the presidential election, before the auto industry was bolstered by a government bailout, before Madoff became a household name. He joins us again today to help us view the latest economic realities as he sees them.