Money and Finance
From Antifragile:
- The Stiglitz Syndrome...
From Nassim Taleb in Antifragile:There is something more severe than the problem with Thomas Friedman, which can be generalized to represent someone causing action while being completely unaccountable for his words. The phenomenon I will call the...
- Nassim Taleb Quotes
From Antifragile: Let us introduce the philosopher’s stone back into this conversation. Socrates is about knowledge. Not Fat Tony, who has no idea what it is.For Tony, the distinction in life isn’t True or False, but rather sucker or nonsucker. Things...
- Nassim Taleb And Barbells
The quotes below are from Antifragile(though they may not be exact, as Kindle Highlights don’t pick up on things like italics).What do we mean by barbell? The barbell (a bar with weights on both ends that weight lifters use) is meant to illustrate the...
- Nassim Taleb Quote
“Instead of a discussion of risk (which is both predictive and sissy) I advocate the notion of fragility, which is not predictive—and, unlike risk, has an interesting word that can describe its functional opposite, the nonsissy concept of antifragility.”...
- This Is Not A Profile Of Nassim Taleb
Taleb is in the university but not of it. He spent the first couple decades of his career as a derivatives trader before turning to scholarship and essay writing in his mid-40s. Taleb is a professor of risk engineering at the Polytechnic Institute of...
Money and Finance
Nassim Taleb quote
From Antifragile:
While in the past people of rank or status were those and only those who took risks, who had the downside for their actions, and heroes were those who did so for the sake of others, today the exact reverse is taking place. We are witnessing the rise of a new class of inverse heroes, that is, bureaucrats, bankers, Davos-attending members of the I.A.N.D. (International Association of Name Droppers), and academics with too much power and no real downside and/or accountability. They game the system while citizens pay the price.
At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.
The chief ethical rule is the following: Thou shalt not have antifragility at the expense of the fragility of others.
- The Stiglitz Syndrome...
From Nassim Taleb in Antifragile:There is something more severe than the problem with Thomas Friedman, which can be generalized to represent someone causing action while being completely unaccountable for his words. The phenomenon I will call the...
- Nassim Taleb Quotes
From Antifragile: Let us introduce the philosopher’s stone back into this conversation. Socrates is about knowledge. Not Fat Tony, who has no idea what it is.For Tony, the distinction in life isn’t True or False, but rather sucker or nonsucker. Things...
- Nassim Taleb And Barbells
The quotes below are from Antifragile(though they may not be exact, as Kindle Highlights don’t pick up on things like italics).What do we mean by barbell? The barbell (a bar with weights on both ends that weight lifters use) is meant to illustrate the...
- Nassim Taleb Quote
“Instead of a discussion of risk (which is both predictive and sissy) I advocate the notion of fragility, which is not predictive—and, unlike risk, has an interesting word that can describe its functional opposite, the nonsissy concept of antifragility.”...
- This Is Not A Profile Of Nassim Taleb
Taleb is in the university but not of it. He spent the first couple decades of his career as a derivatives trader before turning to scholarship and essay writing in his mid-40s. Taleb is a professor of risk engineering at the Polytechnic Institute of...