There are no risk-free investments. Even US treasury bills would fail under a number of plausible "black swan" scenarios. Nassim Taleb's own investment strategy doesn't seem to take sufficient account of such possibilities. Risk management is always a good idea.
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This post is part of the Rerunning the Sequences series, in which we're going through Eliezer Yudkowsky's old posts in order, so that people who are interested can (re-)read and discuss them. The previous post was http://lesswrong.com/lw/hx/one_life_against_the_world/, and you can use the sequence_reruns tag or rss feed to follow the rest of the series.
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