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Chaos Kings How Wall Street Traders Make Billions in the New Age of Crisis [Audiobook]
In 2007, Taleb's longtime collaborator, Mark Spitznagel, launched the Universa hedge fund, which would go on to make billions protecting investors against unforeseen chaos in the market. A second faction, which relies on complex formulas, believes looming chaos can be detected. Chief among these risk prognosticators is Didier Sornette, a colorful French mathematician who enjoys riding his motorcycle at speeds in excess of 170 miles per hour. When Sornette looks out from what he calls his Financial Crisis Observatory in Zurich, Switzerland, what he sees are Dragon Kings-punishing events that are unlikely to occur but have probabilities that can be predicted...and defended against. Which faction is right? All of our financial futures may depend on the answer.