I remember Taleb saying something to the effect that risk in financial markets is like a lion (or tiger?) hunting, in that it will find the weakest prey. Can anyone find such a quote? I have tried basic Google searches and searches through my blogs, but without success.
I think it was a quote about prey-switching, in which case it would be about the most common prey not the weakest.
It is now the scientific consensus that our risk-avoidance mechanism is not mediated by the cognitive modules of our brain, but rather by the emotional ones. This may have made us fit for the Pleistocene era. Our risk machinery is designed to run away from tigers; it is not designed for the information-laden modern world.
Quoted in the introduction to “A Talk with Nassim Nicholas Taleb,” Edge (April 2004)
not it
Doesn’t look right but:
“Much of the research into humans’ risk-avoidance machinery shows that it is antiquated and unfit for the modern world; it is made to counter repeatable attacks and learn from specifics. If someone narrowly escapes being eaten by a tiger in a certain cave, then he learns to avoid that cave.”
and others at http://en.wikiquote.org/wiki/Nassim_Nicholas_Taleb
He does mention lions and prey a lot in “Antifragile”, but not like you describe. Maybe this?