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He and got action contrary to the institution view by making a great larger financial wager on financial stocks and you can and then make a fortune of the brand new crisis ("It didn't pay attention, therefore i grabbed their money"). Stock investor and you can economic chance engineer Nassim Nicholas Taleb, composer of the newest 2007 guide The brand new Black Swan, invested many years alerting contrary to the review of the fresh bank system within the type of plus the economy in general due to its use of and you may reliance upon bad chance models and reliance on anticipating, and you will framed the issue within "robustness and fragility". Peter Schiff regularly seemed on television regarding the many years before drama and you may warned of your own following a home collapse.
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