Finally, a bonus hero: Nassim Nicholas Taleb, the trader-turned-author of The Black Swan and Fooled by Randomness. Taleb warns us not to ignore low-probability events at the ‘long tail’, as the effect of these ‘Black Swans’ can be catastrophic. Also, he urges us not to confuse good outcomes (such as bumper trading profits) with sound processes. Where we see patterns, Taleb correctly identifies randomness!