Incerto 4-Book Bundle
We observe old people and see them age, so we associate aging with their loss of muscle mass, bone weakness, loss of mental function, taste for Frank Sinatra music, and similar degenerative effects. But these failures to self-repair come largely from maladjustment—either too few stressors or too little time for recovery between them—and
Nassim Nicholas Taleb • Incerto 4-Book Bundle
investors, merely for emotional reasons, will be drawn into strategies that experience rare but large variations. It is called pushing randomness under the rug.
Nassim Nicholas Taleb • Incerto 4-Book Bundle
All you can do is create an environment that facilitates these collaborations, and lay the foundation for prosperity.
Nassim Nicholas Taleb • Incerto 4-Book Bundle
The strangest thing is that this obvious property that anything fragile hates volatility, and vice versa, has been sitting completely outside the scientific and philosophical discourse. Completely.
Nassim Nicholas Taleb • Incerto 4-Book Bundle
Yet in spite of the visibility of the counterevidence, and the wisdom you can pick up free of charge from the ancients (or grandmothers), moderns try today to create inventions from situations of comfort, safety, and predictability instead of accepting the notion that “necessity really is the mother of invention.”
Nassim Nicholas Taleb • Incerto 4-Book Bundle
Whenever there is asymmetry in outcomes, the average survival has nothing to do with the median survival.
Nassim Nicholas Taleb • Incerto 4-Book Bundle
Only the autodidacts are free. And not just in school matters—those who decommoditize, detouristify their lives.
Nassim Nicholas Taleb • Incerto 4-Book Bundle
Governments are wasting billions of dollars on attempting to predict events that are produced by interdependent systems and are therefore not statistically understandable at the individual level.
Nassim Nicholas Taleb • Incerto 4-Book Bundle
Just as in finance, an event, although rare, that brings large consequences cannot just be ignored.