Two of my favorite economics bloggers — Felix Salmon at Reuters and Joshua Brown at The Reformed Broker — are debating a new work by a third writer, Black Swan‘s Nassim Taleb, that has something to say to independent filmmakers. To bring their dialogue into our world: has the DIY revolution led to a system in which luck is the primary determinant of independent film success? Let’s start at the beginning. The work referenced — “Why It is No Longer a Good Idea to Be in The Investment Industry” — opens with a new term, “the spurious tail,” that refers […]
by Scott Macaulay on Aug 19, 2012