Microsoft Word - NYorker2002-blowingupSQZ

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The following appeared in the April 22 & 29, 2002 issue of THE NEW YORKER: BLOWING UP How Nassim Taleb turned the inevitability of disaster into an investment strategy. BY MALCOLM GLADWELL One day in 1996, a Wall Street trader named Nas- thousands of books, and that was my dream as a child,” sim Nicholas Taleb went to see Victor Niederhoffer. Taleb went on. “He was part chevalier, part scholar. My Victor Niederhoffer was one of the most successful respect for him was intense.” There…

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