{"id":5213,"date":"2012-12-08T12:12:51","date_gmt":"2012-12-08T20:12:51","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=5213"},"modified":"2012-12-08T12:12:51","modified_gmt":"2012-12-08T20:12:51","slug":"black-swan-author-challenges-the-belief-that-pressure-is-bad-for-the-economy-city-a-m","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2012\/12\/black-swan-author-challenges-the-belief-that-pressure-is-bad-for-the-economy-city-a-m\/","title":{"rendered":"Black Swan author challenges the belief that pressure is bad for the economy | City A.M."},"content":{"rendered":"<blockquote>\n<p>BANKS should be more like cats than washing machines. So suggests Nassim Taleb, ex-trader and controversial author of The Black Swan, who has a new book out in time for Christmas. What he means is that living things \u2013 cats, economists, bankers \u2013 display a property that even our best-designed machinery lacks: a quality that he names antifragility, fragility\u2019s true opposite.<\/p>\n<p>To be antifragile, it is not enough to be robust and able to resist a few knocks. Something antifragile is actually better under pressure: self-healing, it treats damage as a source of data, from which it learns and adapts, ending up stronger than before. Perhaps that\u2019s why cats are said to have nine lives.<\/p>\n<\/blockquote>\n<p>via <a href=\"http:\/\/www.cityam.com\/forum\/black-swan-author-challenges-the-belief-pressure-bad-the-economy\">Black Swan author challenges the belief that pressure is bad for the economy | City A.M.<\/a>.<br \/>HatTip to Dave Lull<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BANKS should be more like cats than washing machines. So suggests Nassim Taleb, ex-trader and controversial author of The Black Swan, who has a new book out in time for Christmas. What he means is that living things \u2013 cats, economists, bankers \u2013 display a property that even our best-designed machinery lacks: a quality that [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[484],"tags":[],"class_list":["post-5213","post","type-post","status-publish","format-standard","hentry","category-antifragile"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=5213"}],"version-history":[{"count":1,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5213\/revisions"}],"predecessor-version":[{"id":5214,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/5213\/revisions\/5214"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=5213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=5213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=5213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}