Tuesday, November 29, 2011
Few realize that the “advanced” world has never been richer, and never been more leveraged (financially & operationally). It is a sad fact that the problems of the rich are the hardest to solve. Success brings psychological and economic fragility. via Few realize that… | Facebook.
Tuesday, November 29, 2011
THE STEVENS CENTER FOR TECHNOLOGY POLICY AND ETHICS AND THE CENTER FOR SCIENCE WRITINGS PRESENT:”ANTIFRAGILITY: Curbing the Harmful Effects of Finance, Technology, Medicine and Government.” A talk by Nassim Nicholas Taleb.Tuesday, January 24, 2012, 6-7:30. DeBaun Auditorium.Nassim Nicholas Taleb rocked the worlds of finance and government in 2007 with his runaway bestseller The Black Swan, [...]
Friday, November 25, 2011
This is great! The RSA is good about posting their talks. I’ll make sure to have a link up as soon as I see it. Next Thursday in London, talking about Antifragility. Ignore formal title. The Predictability of Unpredictability (Dec 1, 2011) Keynote Nassim Nicholas Taleb is the brilliant and controversial author of The Black [...]
Friday, November 25, 2011
Upcoming NNT talks. 2012 McKinsey & Co, Workshop on Managing Black Swans, co-instructor (with Bent Flyvberg), McKinsey Alpine University, Kitzbühel, Austria, March 30-April 1 2012 Humbold University, Berlin, Department of Applied Statistics, Distinguished Lecture Series, January 28, 2012 Stevens Institute of Technology, Jan 24, 2012, First Public presentation of Antifragility. Open to the public. 2011 [...]
Thursday, November 24, 2011
“Selfish” is the designation selfish people use for those they can’t exploit. via Nassim Nicholas Taleb.
Tuesday, November 22, 2011
Using the media to determine how well the world is doing is like using an emergency room for an image of health. via Using the media to… | Facebook.
Sunday, November 20, 2011
There is this illusion that humans have been evolving to fit what we call cultural, social, economic, and technological progress, when in fact the only elements that survive are those that evolve to fit humans.[Procrustean bed] via There is this… | Facebook.
Friday, November 18, 2011
Stoicism is about the domestication of emotions, not their elimination.[Two centuries of commentators have failed to understand the point.] via Stoicism is about… | Facebook.
Wednesday, November 16, 2011
Becoming a stoic sage is to transform of fear into caution, pain into information, mistakes into initiation, and desire into undertaking.[In my modernized version, Chapter x ] via Becoming a stoic… | Facebook.
Tuesday, November 15, 2011
Peace is the result of incompatibility of vices, such as greed and hatred. via Peace is the result… | Facebook.
Sunday, November 13, 2011
Seneca was a stoic, but not that type of stoic. Rewrote the section to make it clear. www.fooledbyrandomness.com/Seneca.pdf via Seneca was a stoic,… | Facebook.
Saturday, November 12, 2011
For the nonorganic, noncomplex, say an object on the table, equilibrium happens in a state of inertia. For something organic, equilibrium is synonym to death. [Chapter on Political Volatility] via For the nonorganic,… | Facebook.
Saturday, November 12, 2011
[Unfortunately the link is broken. I don't have the pdf and NNT is pretty clear about not sharing the documents he posts to FooledByRandomnexx.com anyway.] The continuation of Seneca’s asymmetry: “Fragility is the new blue”. I need to find the person who wrote it to give proper credit. http://www.fooledbyrandomness.com/fragility-blue.pdf via The continuation of… | Facebook.
Friday, November 11, 2011
Finally found a way to explain the central asymmetry of life leading to nonlinearities (convexity effects) www.fooledbyrandomness.com/Seneca.pdf via Finally found a way….
Thursday, November 10, 2011
The entire idea of via negativa is that omission [avoidance of harm, removal of drugs, corn syrup, cigarettes, gluten, carbs by fasting, gym instructors, tail risks, etc.] does not have side effects and branching chains of unintended consequences -hence robust. But big corporations [evil pharma, pepsi] and consultants cannot make money from removing; they only [...]
Wednesday, November 9, 2011
[Another commentary and rebuttal to NNT's recent NYT 'End Bonuses for Bankers' piece. Again, it would be nice if these articles were based on the larger context of NNT's entire Bailout commentary rather than a single opinion piece. JH] End deposit insurance: a simple heuristic for a complex problem. Taleb of all people should appreciate [...]
Tuesday, November 8, 2011
If you still need convincing that language is not meant to directly convey information, compare “there is nothing to worry about”, or “I have another other car”, or similar mitigants to plain silence. via Nassim Nicholas Taleb | Facebook.
Tuesday, November 8, 2011
Going Back to the Partnership StructureTaleb suggests that investment banks go back to what they used to look like a few decades ago — where they were partnerships instead of publicly traded companies. This idea does have some attractive features, as the employees all share in the losses. But that also makes it somewhat unattractive [...]
Bonuses are particularly dangerous because they invite bankers to game the system by hiding the risks of rare and hard-to-predict but consequential blow-ups, which I have called “black swan” events. The meltdown in the United States subprime mortgage market, which set off the global financial crisis, is only the latest example of such disasters. Consider [...]
Nassim Nicholas TalebProsperity comes with three terminal diseases: debt, obesity, and tourism. via Prosperity comes… | Facebook.
Thanks friends for previous discussions; this is the new Chapter 1 http://www.fooledbyrandomness.com/chapter1.pdf via Thanks friends for… | Facebook.
Thursday, November 3, 2011
Nassim Nicholas Taleb New Term: TOURISTIFICATION The systematic removal of uncertainty and randomness from things, trying to make things highly predictable in their smallest details, with a precise itinerary to follow —and a known teleology (that is, aims at a visible, known, and certain goal). It is like putting people in prison. What a tourist [...]
Thursday, November 3, 2011
Nassim Nicholas Taleb Concave and Convex. via Wall Photos | Facebook.
Tuesday, November 1, 2011
Chapter 2 is ready. http://fooledbyrandomness.com/chapter2.pdf (Fat Tony is back)http://fooledbyrandomness.com/chapter2.pdffooledbyrandomness.com
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