Tag: Nassim Taleb
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Nassim Taleb: Redundancy
“Layers of redundancy are the central risk management property of natural systems…. Redundancy is ambiguous because it seems like a waste if nothing unusual happens. Except that something unusual happens—usually.” —Nassim Taleb.
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Nassim Taleb: Opposite of fragile
“The opposite of fragile is something that actually gains from disorder.” – Nassim Taleb.
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Nassim Taleb: Change
“Change for the sake of change, as we see in architecture, food, and lifestyle, is frequently the opposite of progress. As I have explained in Antifragile, too high a rate of mutation prevents locking in the benefits of previous changes: evolution (and progress) requires some, but not too frequent, variation.” —Nassim Taleb, Skin in the…
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Nassim Taleb: Skin in the game
“Now skin in the game brings simplicity—the disarming simplicity of things properly done. People who see complicated solutions do not have an incentive to implement simplified ones. As we saw, a bureaucratized system will increase in complication from the interventionism of people who sell complicated solutions because that’s what their position and training invite them…
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Nassim Taleb: Filtering
“Most of economics is perceived to be incentives and disincentives. So, skin in the game would be to incentivize people if they do well, and also disincentivize them. But that’s not it. No. Skin in the game for me is about filtering. It’s evolution. You cannot have evolution if you don’t have skin in the…
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Nassim Taleb: Bitcoin
“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” —Nassim Taleb.
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Nassim Taleb: Past’s past
“If the past, by bringing surprises, did not resemble the past previous to it (what I call the past’s past), then why should our future resemble our current past?” – Nassim Taleb, Fooled by Randomness
