The warning that he referred to appeared in a January 26th paper that he co-authored with Joseph Norman and Yaneer Bar-Yam, when the virus was still mainly confined to China.
Governments “did not want to spend pennies in January now they are going to spend trillions.” “We issued our warning that, effectively, you should kill it in the egg,” Taleb told Bloomberg. “ The Black Swan” was meant to explain why, in a networked world, we need to change business practices and social norms-not, as he recently told me, to provide “a cliché for any bad thing that surprises us.” Besides, the pandemic was wholly predictable-he, like Bill Gates, Laurie Garrett, and others, had predicted it-a white swan if ever there was one. Nassim Nicholas Taleb is “irritated,” he told Bloomberg Television on March 31st, whenever the coronavirus pandemic is referred to as a “black swan,” the term he coined for an unpredictable, rare, catastrophic event, in his best-selling 2007 book of that title.
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