You can take the politician out of France, but you can never take France out of him! Yesterday, I had the priviledge to return to my alma mater, The George Washington University, to hear possible French presidential candidate IMF Managing Director Dominque Strauss Kahn speak of global challenges, global solutions and black swans. I am not much of an economist. As a matter of fact, I had to take Intro to Micro-Economics twice while in undergrad. So a lot of DSK’s speech about privatization, Basel III accord on banking regulation and loan-to-value ratios went way over my head. I did get the black swans swimming in the global economic lake analogy though I had to do a little research to figure out that he was referring to the theory outlined by Nassim Nicholas Taleb whose book The Black Swan argued that investors take too little account of unpredictable events.
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