"Doctors most commonly get mixed up between absence of evidence and evidence of abense"
"Financial institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks-when one fails, they all fall. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur... I shiver at the thought."
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Source: The Black Swan: The Impact of the Highly Improbable. Book by Nassim Nicholas Taleb, 2007.
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