Antifragile

Nassim Nicholas Taleb

Antifragile

20min

20min

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Antifragile takes us on a journey into a world of causality and uncertainty, two key aspects of human existence that the modern world seems to want to sweep under the carpet. Nassim Nicholas Taleb helps us discover the concept of antifragility as a necessary quality through which to derive advantage from the trauma and shocks that life inevitably throws our way. Someone who is antifragile will not look to lock their existence into a fixed and predictable plan, but will ride the waves of opportunity, going with the flow, they will learn to expect the unexpected, and will use disorder as a tool to grow and to improve.

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Analysis and key concepts

01.

Understanding the concept of antifragility through mythology: Damocles, the phoenix and the Hydra

02.

True innovation is not created in situations of ease and security

03.

Unpredictability is necessary if we want to lead an authentic life and truly feel human

04.

Fragile entrepreneurs are essential for an antifragile economy

05.

Unpredictability allows systems to improve while stability can prove to be destructive

06.

Naive intervention: when the need to help does more harm than good

07.

Seneca the philosopher: an example of antifragility

08.

Optionality is an essential tool for antifragility and innovation

09.

Education does not lead to wealth and does not teach the value of optionality

10.

We are fragile when we are hit hard by extreme events

11.

The negative path: it is better to take away than to add

12.

The old is superior to the new

13.

We are not here to live forever

14.

Quotes

15.

Take-home message

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Many useful tips to:

  • Understand that chance and uncertainty are important for the development of a healthy socio-economic system.
  • Awaken us to the fact that standardised education is not able to generate innovation.
  • Identify which professions are “antifragile” and derive advantage from trauma and shock.

Nassim Nicholas Taleb is a Lebanese-American philosopher, mathematical statistician and essayist. He is also a professor of the Science of uncertainty, former option trader, risk analyst and aphorist whose work concerns problems of randomness, probability and uncertainty. He is a professor of Risk Engineering at the New York University Tandon School of Engineering and at Oxford University, and is currently listed as a scientific adviser at Universa Investments.

Publishing house:

Random House

Year:

2014

Pages:

544

ISBN:

978-0812979688