Money and Finance
Nassim Taleb on innovation
“How do you innovate? First, try to get in trouble. I mean serious, but not terminal, trouble. I hold—it is beyond speculation, rather a conviction—that innovation and sophistication spark from initial situations of necessity, in ways that go far beyond the satisfaction of such necessity (from the unintended side effects of, say, an initial invention or attempt at invention)….The excess energy released from overreaction to setbacks is what innovates!” –Nassim Taleb, Antifragile
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James Altucher Interviews Nassim Taleb
Link to: Ep. 45 Nassim Taleb: Why You Should Embrace Uncertainty This week, Nassim Taleb, author of Antifragile: Things That Gain from Disorder, joins The James Altucher Show to talk about technology and how different systems handle disorder. Just...
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Nassim Taleb Quote
“Knowledge formation, even when theoretical, takes time, some boredom, and the freedom that comes from having another occupation, therefore allowing one to escape the journalistic-style pressure of modern publish-and-perish academia to produce cosmetic...
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Nassim Taleb Quote
“Now, as a skeptical empiricist, I do not consider that resisting new technology is necessarilyirrational: waiting for time to operate its testing might be a valid approach if one holds that we have an incomplete picture of things. This is what naturalistic...
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Nassim Taleb Quote
“What makes life simple is that the robust and antifragile don’t have to have as accurate a comprehension of the world as the fragile—and they do not need forecasting.” –Nassim Taleb, Antifragile
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Nassim Taleb Quote
“In business and economic decision making, reliance on data causes severe side effects—data is now plentiful thanks to connectivity, and the proportion of spuriousness in the data increases as one gets more immersed in it. A very rarely discussed...
Money and Finance