I have curated the most important and deep parts of this book into the following quotes:- You don’t know yourself unless you have to make your own choices.- We don’t understand things when we have an edge. Only when we have the perspective of coming from behind.- If we win during bear markets you’ll be fine on bull markets.- Dispersion of outcomes... See more
Pivotal moments often happen when you inject more risk, new information, or create upside in an otherwise stable situation. This is why people talk about a sequence of key events precipitated by changing new jobs, meeting a new mentor, launching products, moving across the country, etc. These are moments of great change, and thus, tremendous... See more
Author and economic statistician Nassim Nicholas Taleb’s 2nd most famous idea (after the idea of Black Swan events) is antifragility.
“Some things benefit from shock,” he writes. “They thrive and grow when exposed to volatility, randomness, disorder and stressors... Yet, in spite of the ubiquity of the phenomenon, there is no word for the opposite... See more