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Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same the antifragile gets better.

Nassim Nicholas Taleb

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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
Author
Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
Shocks
Resilient
Resilience
Stays
Shock
Gets
Beyond
Better
Resists

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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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Never trust a journalist unless she's your mother.
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Only the autodidacts are free.
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The world we live in is vastly different from the world we think we live in.
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When you beat up someone physically, you get excercise and stress relief when you assault him verbally on the Internet, you just harm yourself.
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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
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I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill.
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A mistake is not something to be determined after the fact, but in the light of the information until that point.
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We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?
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Stoicism is about the *domestication* of emotions, not their elimination.
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Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
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Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.
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Simplicity is not so simple to attain.
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Those who do not think that employment is systemic slavery are either blind or employed.
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You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
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What fools call wasting time is most often the best investment.
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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient, and a random one. In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
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Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
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