What we commonly call “success” rewards, status, recognition, some new metric is a consolation prize for those both unhappy and not good at what they do. via What we commonly… | Facebook.
It is a great compliment for an honest person to be mistaken for a crook by a crook. via It is a great… | Facebook.
Friends, the only technical section of the book showing EXACTLY how economics fragilize. I wonder if it is clear only for those into these things www.fooledbyrandomness.com/appendix.pdf via Friends, the only… | Facebook.
Implies the finished work will be a hefty 450 pages! NOTES, AFTERTHOUGHTS, BIBLIOGRAPHY. The only part of the book that felt like work. May still have mistakes.www.fooledbyrandomness.com/notes.pdf via NOTES,….
NONLINEARITY FROM WEALTHWe can certainly attribute the fragilizing effect of modern globalization to complexity, and how connectivity and cultural contagions make gyrations in economic variables much more severe —the classical switch to Extremistan. But there is another effect: wealth. Wealth means more, and because of nonlinear scaling, more is different. We are prone to make [...]
Get it while it’s hot! (I do not save local copies to the site. If NNT removes the link, it’s gone.) Friends, a graphical presentation of ANTIFRAGILE one of 3 appendices. Hope it is clearhttp://www.fooledbyrandomness.com/appendix1.pdf via Friends, a… | Facebook.
The web’s main benefit is forcing the perishable to perish quickly; more generally, high-speed modernity forces the fragile to break quickly. [REVISED] via The web’s main… | Facebook.
It took me a lifetime to realize that what grows freely (organically) tends to be fractal. via It took me a… | Facebook.
Any doctor in the room?JENSEN’S INEQUALITY IN MEDICINE CHAP 21I’ve found very few medical papers making use of nonlinearity by applying Jensen’s inequality to medical problems, in spite of the ubiquity of nonlinear responses in biology. I am generous, I actually only found a single one , thanks to Eric Briys, and a single one [...]
CHAPTER ON EDUCATION Self directed scholarship has an aesthetic dimension. For a long time I had on the wall of my study the following quote by Jacques Le Goff, the great French medievalist, who believes that the Renaissance came out of independent humanists, not professional scholars. He examined the striking contrast in period paintings, drawings [...]
Ivy League Universities are becoming in the eyes of the new Asian upper class the status luxury good. Harvard is like a Vuitton bag and a Cartier Watch. It is a huge drag on the middle class who have been plowing an increased share of their savings into educational institutions, transferring their money to bureaucrats, [...]
In an ancient Mediterranean competition, the Olympic winners should be the most athletic ones. Under globalization and optimization, the winners will be the most abnormal. SCALABILITY via In an ancient… | Facebook.
If you’re not following the links you’re missing out on some very interesting conversation. FROM THE ETHICS CHAPTERA half-man or, rather, half-person is not someone who does not have an opinion, just someone who does not take risks for it.My greatest lesson in courage came from my father — as a child, I had admired [...]
Conclusion [Rewrote; now going to rest for a while. I am done!] As usual at the end of the journey, while looking at the entire manuscript on a restaurant table, someone with a Semitic culture asks me to summarize my book standing on one leg. This time it was Shaiy Pilpel, a probabilist with whom [...]
Epimetheus is fragile; his brother Prometheus is antifragile. via Epimetheus is… | Facebook.
Famed investment sage Warren Buffett, like many before him, decided to sell options. Veteran trader and renowned intellectual Nassim Taleb, on the other hand, decided to buy options. While Mr Buffett would have gone for the first choice in the game proposed at the beginning, Mr Taleb would have gone for the second choice. So, [...]
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