Black Swan Proofing For Real Estate
Nassim Nicholas Taleb has written a brilliant article for the Financial Times named Ten Principles for a Black Swan Proof World.
I have excerpted 2 of the 10 precepts but they should be mandatory for anyone in business or finance.
2. No socialisation of losses and privatisation of gains. Whatever may need to be bailed out should be nationalised; whatever does not need a bail-out should be free, small and risk-bearing. We have managed to combine the worst of capitalism and socialism. In France in the 1980s, the socialists took over the banks. In the US in the 2000s, the banks took over the government. This is surreal.
3. People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with the failure of the system. It is irresponsible and foolish to put our trust in the ability of such experts to get us out of this mess. Instead, find the smart people whose hands are clean.
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Great blog, keep the great content coming! 
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Comment by randi on 24 April 2009:
hey man, its a great article, you find all the important stuff you need to work out a success