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BIG Ideas from "Antifragile" by @nntaleb If you have followed me for any appreciable amount of time, you have seen me quote something from this book
- I have read it at least eight times
- I learn something new each time
- I'll share it with you in this thread
Follow me
2. Overview
This book is about decision-making under uncertainty/ volatility.
- EVERYTHING either benefits or is harmed by volatility
- The FRAGILE is harmed (think a glass)
- The ROBUST is unchanged (think The Phoenix)
- The ANTIFRAGILE gets better (think The Hydra)
This book is about decision-making under uncertainty/ volatility.
- EVERYTHING either benefits or is harmed by volatility
- The FRAGILE is harmed (think a glass)
- The ROBUST is unchanged (think The Phoenix)
- The ANTIFRAGILE gets better (think The Hydra)
3. Overview
- There is no way to accurately predict WHICH events will occur
- We CAN measure how fragile we are to events
- We CAN take steps to robustify ourselves
- When shit hits the fan, the fragile breaks
- This applies to the economy, politics, health, etc
- There is no way to accurately predict WHICH events will occur
- We CAN measure how fragile we are to events
- We CAN take steps to robustify ourselves
- When shit hits the fan, the fragile breaks
- This applies to the economy, politics, health, etc
4. Naive Interventionism
- Systems are COMPLEX
- Most are beyond our understanding
- When we intervene, we introduce potential harm
- These 2nd and 3rd order effects introduce MORE volatility into the system
- This makes systems even less predictable
- STAY in YOUR lane
- Systems are COMPLEX
- Most are beyond our understanding
- When we intervene, we introduce potential harm
- These 2nd and 3rd order effects introduce MORE volatility into the system
- This makes systems even less predictable
- STAY in YOUR lane
5. Via Negativa: Removing is superior to Adding
- Less can be More
- Don't add, subtract
- Eliminate the Artificial
- Eliminate the Unnatural
- Eliminate the Unnecessary
-->Apply these in all areas of your life.
-->When in doubt, SUBTRACT
onward
- Less can be More
- Don't add, subtract
- Eliminate the Artificial
- Eliminate the Unnatural
- Eliminate the Unnecessary
-->Apply these in all areas of your life.
-->When in doubt, SUBTRACT
onward
6."Absence of evidence is NOT evidence of absence"
Just because...
- you can't see something doesn't mean it's not there
- something is unintelligible doesn't mean it's unintelligent
- you can't explain something doesn't mean it's not important
-->Have HUMILITY
next
Just because...
- you can't see something doesn't mean it's not there
- something is unintelligible doesn't mean it's unintelligent
- you can't explain something doesn't mean it's not important
-->Have HUMILITY
next
7. The SILVER RULE is superior to the GOLDEN RULE
- "Don't do to others what you don't want done to you"
- We often don't know how we want to be treated
- We always know how we DON'T want to be treated
- "Right" can be relative, "wrong" is almost always wrong
almost there
- "Don't do to others what you don't want done to you"
- We often don't know how we want to be treated
- We always know how we DON'T want to be treated
- "Right" can be relative, "wrong" is almost always wrong
almost there
8. Hammurabi's Code: Skin in the Game
- Eat your own cooking
- You know where you took the shortcuts
- If your cooking sucks, or it is dangerous, YOU should be the first to suffer
- If you have no skin in the game, your opinion is irrelevant
- You die, I die
- Eat your own cooking
- You know where you took the shortcuts
- If your cooking sucks, or it is dangerous, YOU should be the first to suffer
- If you have no skin in the game, your opinion is irrelevant
- You die, I die
9. Conclusion
From the man himself:
"Wind extinguishes a candle and energizes fire."
I hope you found this thread useful, and I sincerely hope you read @nntaleb's books.
There is SO much more than what I covered.
RT the FIRST TWEET if you found it valuable.
Cheers!
From the man himself:
"Wind extinguishes a candle and energizes fire."
I hope you found this thread useful, and I sincerely hope you read @nntaleb's books.
There is SO much more than what I covered.
RT the FIRST TWEET if you found it valuable.
Cheers!
