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Taleb Says Euro Breakup ‘Not a Big Deal’ as U.S. Scariest

Nassim Taleb, author of “The Black Swan,” said he favors investing in Europe over the U.S. even with the possible breakup of the single European currency in part because of the euro area’s superior deficit situation.

Europe’s lack of a centralized government is another reason it’s preferable to invest in the region, said Taleb, a professor of risk engineering at New York University whose 2007 best-selling book argued that history is littered with rare events that can’t be predicted by trends.