Are you actively sharing useful information to your followers everyday? Just ask them what they have—or don’t have—in their portfolio.”, “that if you need something urgently done, give the task to the busiest (or second busiest) person in the office.”, “Avoidance of boredom is the only worthy mode of action. The resilient resists shocks and stays the same; the antifragile gets better. Jan 17, 2020 - Explore Les's board "ANTIFRAGILE", followed by 544 people on Pinterest. What is right Quote “Antifragility is beyond resilience or robustness. Why aren’t we turned off by companies that advertise how great they are?” (404), “A simple solution, but quite drastic: anyone who goes into public service should not be allowed to subsequently earn more from any commercial activity than the income of the highest paid civil servant. Antifragility is beyond resilience or robustness. Just look how the new is increasingly more perishable than the old.” (223), “Do not invest in business plans but in people.” (238), “Find a problem first, and figure out the math that works for it, rather than study in a vacuum through theorems and artificial examples, then change reality to make it look like these examples.” (247), “Much of what other people know isn’t worth knowing.” (248), “To this day I still have the instinct that the treasure, what one needs to know for a profession, is necessarily what lies outside the corpus, as far away from the center as possible.” (248), “There is this error of thinking that things always have a reason that is accessible to us – that we can comprehend easily.” (249), “We practitioners and quants aren’t too fazed by remarks on the part of academics – it would be like prostitutes listening to technical commentary by nuns.” (264), “What is fragile is something that is both unbroken and subjected to nonlinear effects – and extreme, rare events, since impacts of large size (or high speed0 are rarer than ones of small size (and slow speed).” (270), “In spite of what is studied in business schools concerning “economies of scale,” size hurts you at times of stress; it is not a good idea to be large during difficult times.” (279), “Someone with a linear payoff needs to be right more than 50 percent of the time. Below are the quotes I found most interesting. “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.37, Random House, There is a mistake in the text of this quote. “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.1783, Random House 17 Copy quote Comfort makes you weaker. He did not use the notion of the Procrustean bed, but he outlined it perfectly. often, mistakes, others, benefit, rest, us, sadly, harm, errors, Yes, I'd like to receive Word of the Day emails from YourDictionary.com. Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility. Nassim Nicholas Taleb from Aug 11, 2014. No matter how many dollars are spent on research, predicting revolutions is not the same as counting cards; humans will never be able to turn politics and economics into the tractable randomness of blackjack.” (133), “Warren Buffett tries to invest in businesses that are “so wonderful that an idiot can run them. Let us call it antifragile. and Antifragile quotes. Our greatest asset is the one we distrust the most: the built-in antifragility of certain risk-taking systems. “Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Refresh and try again. People will see it as Author Name with your public flash cards. But the problem is more general; soccer moms try to eliminate the trial and error, the antifragility, from children's lives, move them away from the ecological and transform them into nerds working on preexisting (soccer-mom-compatible) maps of reality. But we know the opposite is true, that wealth leads to a rise of education.” (203), “I am not saying that for an individual, education is useless: it builds helpful credentials for one’s own career – but such effect washes out at the country level.” (204), “Yogi Berra said, “In theory there is no difference between theory and practice; in practice there is.”” (213), “An idea does not survive because it is better than the competition, but rather because the person who holds it has survived!” (215), “He wondered ‘how traders could handle these complicated exotics if they do not understand the Girsanov theorem… Nobody worries that a child ignorant of the various theorems of aerodynamics and incapable of solving an equation of motion would be unable to ride a bicycle.” (218-219), “I wondered if I was living on another planet or if the gentleman’s PhD and research career had led to this blindness and his strange loss of common sense – or if people without practical sense usually manage to get the energy and interest to acquire a PhD in the fictional world of equation economics.” (219), “Traders trade -> traders figure out techniques and products -> academic economists find formulas and claim traders are using them -> new traders believe academics -> blowups (from theory-induced fragility)” (220), “Practitioners don’t write; they do. . Tags: Be dumb Quote I'd rather be dumb and antifragile than extremely smart and fragile, any time - Nassim Nicholas Taleb (124) - Book: Antifragile (60) Best Antifragile Quotes . Antifragile Quotes Showing 1-30 of 560 “The psychologist Gerd Gigerenzer has a simple heuristic. They are born, put in a box; they go home to live in a box; they study by ticking boxes; they go to what is called "work" in a box, where they sit in their cubicle box; they drive to the grocery store in a box to buy food in a box; they talk about thinking "outside the box"; and when they die they are put in a box. Someone who predicts will be fragile to prediction errors.” (150), “To become a successful philosopher king, it is much better to start as a king than as a philosopher.” (152), “Stoicism, seen this way, becomes pure robustness – for the attainment of a state of immunity from one’s external circumstances, good or bad, and an absence of fragility to decisions made by fate, is robustness. February 9, 2013. The world we live in is vastly different from the world we think we live in. Like / Follow us to get daily picture quote feed. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Someone with a convex payoff, much less. You may be occasionally right. See more ideas about Nassim nicholas taleb, Words, Quotes. Tags: Prediction, not narration, is the real test of our understanding of the world. December 3, 2012. Error rating book. These types often consider themselves the “victims” of some large plot, a bad boss, or bad weather. He has written some of the most prestigious risk analyst books in the world and is currently the Editor in Chief of Risk and Decision Analysis. Beyond a certain level of opulence and independence, gents tend to be less and less personable and their conversation less and less interesting.” (174), “No one at present dares to state the obvious: growth in society may not come from raising the average the Asian way, but from increasing the number of people in the “tails,” that small, very small number of risk takers crazy enough to have ideas of their own, those endowed with that very rare ability called imagination, that rarer quality called courage, and who make things happen.” (180), “The story of the wheel on the suitcase also illustrates the point of this chapter: both governments and universities have done very, very little for innovation and discovery, precisely because, in addition to their blinding rationalism, they look for the complicated, the lurid, the newsworthy, the narrated, the scientistic, and the grandiose, rarely for the wheel on the suitcase. Interview with James Surowiecki, www.wired.com. If you like the quotes, please buy the book. I recently read “Antifragile: Things That Gain from Disorder” by Nassim Nicholas Taleb. It's the same for a megacity as opposed to a village. It is because you make people feel stupid for blindly following habits, instincts, and traditions. Someone with a slightly more volatile – hence unpredictable – schedule, with say, a half -our variation, won’t do so.” (101), “Stability is not good for the economy: firms become very weak during long periods of steady prosperity devoid of setbacks, and hidden vulnerabilities accumulate silently under the surface – so delaying the crises is not a very good idea.” (101), “In a computer simulation, Alessandro Pluchino and his colleagues showed how adding a certain number of randomly selected politicians to the process can improve the functioning of the parliamentary system.” (104), “Absence of political instability, even war, lets explosive material and tendencies accumulate under the surface.” (105), “The problem with artificially suppressed volatility is not just that the system tends to become extremely fragile; it is that, at the same time, it exhibits no visible risks.” (106), “While we now have a word for causing harm while trying to help (iatrogenics), we don’t have a designation for the opposite situation, that of someone who ends up helping while trying to cause harm.” (113), “We tend to over-intervene in areas with minimal benefits (and large risks) while under-intervening in areas in which intervention is necessary, like emergencies.” (119), “It’s much easier to sell “Look what I did for you” than “Look what I avoided for you.” Of course a bonus system based on “performance” exacerbates the problem.” (121), “The more data you get, the less you know what’s going on.” (128), “Political and economic “tail events” are unpredictable, and their probabilities are not scientifically measurable.