I wonder why nobody in the anti-ISIS coalition thought of helping destroy the Islamic State by sending them economics and Business School professors for financial and “strategic” advice.
via I wonder why nobody in the anti-ISIS coalition… – Nassim Nicholas Taleb.
Luck is when random events meet convexity (antifragility), bad luck when they meet concavity (fragility).
Those in the Mideast interested in peace (not slogans) should read this study by Bar Yam on cantonization: http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0095660
The easiest and clearest proof of the statement that: *what is fragile is what doesn’t like volatility/uncertainty/variability*, illustrated.
(Note that a change of timescale would explain material fatigue).
Business School: where people pay tons of money to learn to run a business from people who are only there because they don’t know how to run a business.
via Business School: where people pay tons of money… – Nassim Nicholas Taleb.
Nassim NicholنTaleb 