He acted spontaneously and with nonchalance. The other monk is the one who all along had lustful desires.

Indeed, as was the case with the global financial crisis, investors seem unable to estimate, price, and hedge such tail risks properly. Only time will tell whether their current nonchalance constitutes another failure to assess and prepare for extreme events.

It is building an Iranian bomb, or, worse yet, a Shia bomb that Arab leaders must be more resolute in trying to stop. Private expressions of deep concern do not compensate for public nonchalance (or changing the topic to Israel), and are hardly a basis for a successful policy toward a country whose nuclear ambitions could have a catastrophic impact on the region.