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| Link | Quote | Stars | Tags | Author |
| bf13af7 | This process of applying stress to increase resilience was named antifragility by author and risk analyst Nassim Nicholas Taleb. | Gene Kim | ||
| 6f8fb18 | Fragility can be measured; risk is not measurable (outside of casinos or the minds of people who call themselves "risk experts"). This provides a solution to what I've called the Black Swan problem--the impossibility of calculating the risks of consequential rare events and predicting their occurrence. Sensitivity to harm from volatility is tractable, more so than forecasting the event that would cause the harm. So we propose to stand our c.. | Nassim Nicholas Taleb | ||
| adcc9f8 | By setting oneself totally free of constraints, free of thoughts, free of this debilitating activity called work, free of efforts, elements hidden in the texture of reality start staring at you; then mysteries that you never thought existed emerge in front of your eyes. | Nassim Nicholas Taleb | ||
| b68daa1 | A mild degree of unpredictability in your behavior can help you to protect yourself in situations of conflict. Say | Nassim Nicholas Taleb | ||
| 0ce1c30 | The important difference between theory and practice lies precisely in the detection of the sequence of events and retaining the sequence in memory. If life is lived forward but remembered backward, as Kierkegaard observed, then books exacerbate this effect--our own memories, learning, and instinct have sequences in them. Someone | Nassim Nicholas Taleb | ||
| b4d6f8e | Outside of textbooks and casinos, probability almost never presents itself as a mathematical problem or a brain teaser. | Nassim Nicholas Taleb | ||
| e9b1f61 | By throwing enough words together, some unusual and magical-sounding metaphor is bound to emerge according to the laws of combinatorics. | Nassim Nicholas Taleb | ||
| 5fd35b4 | Aut tace aut loquere meliora silencio (only when the words outperform silence). These | Nassim Nicholas Taleb | ||
| 4751d73 | Lucky fools do not bear the slightest suspicion that they may be lucky fools--by definition, they do not know that they belong to such a category | Nassim Nicholas Taleb | ||
| e15b1b6 | The mechanism is a probabilistic method called conditional information: Unless the source of the statement has extremely high qualifications, the statement will be more revealing of the author than the information intended by him. | Nassim Nicholas Taleb | ||
| 8b3256c | I wouldn't be caught dead bowling!" Jessica shouted as she pushed back her chair and rushed out of the room." -- | Francine Pascal | ||
| 2720214 | Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age eighteen. | Nassim Nicholas Taleb | ||
| 12689f0 | It took us a while to discover that we do effectively think, but that we more readily narrate backward in order to give ourselves the illusion of understanding, and give a cover to our past actions. | past-actions thinking | Nassim Nicholas Taleb | |
| 6204dc8 | Know how to rank your beliefs not according to their plausibility but by the harm they may cause. | harm plausibility | Nassim Nicholas Taleb | |
| 4143637 | But simplicity is not so simple to attain. Steve Jobs figured out that "you have to work hard to get your thinking clean to make it simple." The Arabs have an expression for trenchant prose: no skill to understand it, mastery to write it. Heuristics" | Nassim Nicholas Taleb | ||
| 2afe4fd | Being an executive does not require very developed frontal lobes, but rather a combination of charisma, a capacity to sustain boredom, and the ability to shallowly perform on harrying schedules. Add to these tasks the "duty" of attending opera performances. The" | Nassim Nicholas Taleb | ||
| 3ac3efa | One needs to go out and buy a lottery ticket in order to win. Does it mean that the work involved in the trip to the store caused the winning? | Nassim Nicholas Taleb | ||
| 530cbff | Mathematics is not just a "numbers game," it is a way of thinking." | Nassim Nicholas Taleb | ||
| 821bdb0 | If my brain can tell the difference between noise and signal, my heart cannot. Such | Nassim Nicholas Taleb | ||
| 5a5f031 | In fact, the reason I felt immediately at home in America is precisely because American culture encourages the process of failure, unlike the cultures of Europe and Asia where failure is met with stigma and embarrassment. America's specialty is to take these small risks for the rest of the world, which explains this country's disproportionate share in innovations. Once established, an idea or a product is later "perfected" over there. Volat.. | Nassim Nicholas Taleb | ||
| 548edf2 | If you are looking for your misplaced wallet in your living room, in a trial and error mode, you exercise rationality by not looking in the same place twice. In | Nassim Nicholas Taleb | ||
| 288f373 | Light control works; close control leads to overreaction, sometimes causing the machinery to break into pieces. In a famous paper "On Governors," published in 1867, Maxwell modeled the behavior and showed mathematically that tightly controlling the speed of engines leads to instability." -- | Nassim Nicholas Taleb | ||
| 967fa7f | I wonder why people don't realize the simple truism, that is, the fooled by randomness effect: mistaking the merely associative for the causal, that is, if rich countries are educated, immediately inferring that education makes a country rich, without even checking. Epiphenomenon | Nassim Nicholas Taleb | ||
| 496586b | second category, practitioners who, instead of studying future events, try to understand how things react to volatility (but practitioners are usually too busy practitioning to write books, articles, papers, speeches, equations, theories and get honored by Highly Constipated and Honorable Members of Academies). The difference between the two categories is central: as we saw, it is much easier to understand if something is harmed by volatili.. | Nassim Nicholas Taleb | ||
| f86074a | As shown from the track record of the prophets: before you are proven right, you will be reviled; after you are proven right, you will be hated for a while, or, what's worse, your ideas will appear to be "trivial" thanks to retrospective distortion." | Nassim Nicholas Taleb | ||
| 1cfa107 | Nietzsche had the Latin pun aut liberi, aut libri--either children or books, both information that carries through the centuries. | Nassim Nicholas Taleb | ||
| 0d37c5d | The narrative fallacy, Bezos explained, was a term coined by Nassim Nicholas Taleb in his 2007 book The Black Swan to describe how humans are biologically inclined to turn complex realities into soothing but oversimplified stories. | Brad Stone | ||
| b6412da | We are built to be dupes for theories. But theories come and go; experience stays. Explanations | Nassim Nicholas Taleb | ||
| fbbc84c | The future ain't what it used to be," Berra" | Nassim Nicholas Taleb | ||
| 86ae9f9 | I did not feel ill, Symmache; now I do (after your ministrations)." (Non habui febrem, Symmache, nunc habeo)." | Nassim Nicholas Taleb | ||
| a1d0f2c | not matching the idea of success others expect from you is only painful if that's what you are seeking. | Nassim Nicholas Taleb | ||
| 39a2492 | But simplicity is not so simple to attain. Steve Jobs figured out that "you have to work hard to get your thinking clean to make it simple." The Arabs have an expression for trenchant prose: no skill to understand it, mastery to write it." | Nassim Nicholas Taleb | ||
| caf8a3e | Much of aging comes from a misunderstanding of the effect of comfort--a disease of civilization: make life longer and longer, while people are more and more sick. | Nassim Nicholas Taleb | ||
| 2a5b812 | Sosiaalinen media on vakavasti epasosiaalinen, terveysruoat ovat empiirisesti epaterveellisia, tietotyolaiset ovat erittain tietamattomia ja sosiaalitieteet eivat ole millaan tavalla tieteellisia. | Nassim Nicholas Taleb | ||
| 5b7a5f1 | We have to accept the fuzziness of the familiar "because" no matter how queasy it makes us feel (and it does makes us queasy to remove the analgesic illusion of causality)." | Nassim Nicholas Taleb | ||
| 9228619 | It does not mean that one's personal experiences constitute a sufficient sample to derive a conclusion about an idea; it is just that one's personal experience gives the stamp of authenticity and sincerity of opinion. Experience is devoid of the cherry-picking that we find in studies, particularly those called "observational," ones in which the researcher finds past patterns, and, thanks to the sheer amount of data, can therefore fall into .. | Nassim Nicholas Taleb | ||
| 4f14389 | Further, many writers and scholars speak in private, say, after half a bottle of wine, differently from the way they do in print. Their writing is certifiably fake, fake. And many of the problems of society come from the argument "other people are doing it." So if I call someone a dangerous ethically challenged fragilista in private after the third glass of Lebanese wine (white), I will be obligated to do so here." | Nassim Nicholas Taleb | ||
| ba74471 | Indeed we rarely look at religion's benefits in limiting the intervention bias and its iatrogenics: in a large set of circumstances (marginal disease), anything that takes you away from the doctor and allows you to do nothing (hence gives nature a chance to do its work) will be beneficial. So | Nassim Nicholas Taleb | ||
| 7f18957 | All I hear is how to live longer, richer, and, of course, more laden with electronic gadgets. We are not the first generation to believe that the worst possible thing to befall us is death. But for the ancients, the worst possible outcome was not death, but a dishonorable death, or even just a regular one. For a classical hero, dying in a retirement home with a rude nurse and a network of tubes coming into and out of your nose would not be .. | Nassim Nicholas Taleb | ||
| b79d325 | All I hear is how to live longer, richer, and, of course, more laden with electronic gadgets. We are not the first generation to believe that the worst possible thing to befall us is death. But for the ancients, the worst possible outcome was not death, but a dishonorable death, or even just a regular one. For a classical hero, dying in a retirement home with a rude nurse and a network of tubes coming into and out of your nose would not be .. | Nassim Nicholas Taleb | ||
| 0a3c62a | Prepare Your Trading Plan "You got to be very careful if you don't know where you are going, because you might not get there." -- Nicholas Nassim Taleb in The Black Swan Based on your temperament and your trading capital, you must lay out a trading plan. Now, what is a trading plan? The plan defines what you will trade, how you will trade, how and when you will enter or exit, etc. Thus, your trading plan would include some parameters on wha.. | Ashu Dutt | ||
| 5bc9ec4 | For instance, few realize that we are changing the brains of schoolchildren through medication in order to make them adjust to the curriculum, rather than the reverse. | Nassim Nicholas Taleb | ||
| aa5edcd | Latin saying that sophistication is born out of hunger (artificia docuit fames). | Nassim Nicholas Taleb | ||
| 0b28616 | Engineers can compute but not define, mathematicians can define but not compute, economists can neither define nor compute. | Nassim Nicholas Taleb |