I have been an avid reader of Taleb's books and I have read Anti fragility with a lot of interest- I UNDERSTAND him - I am grateful for articulating this theme!
I read fooled by randomness and black swan and I am must say that fooled by randomness is the one who made a huge impact on me and how to do my investments. I heard it 4 times and highly recommand to hear it as it free as audiobook in RUclips. The book matches perfectly with the book Thinking fast and slow
This is a useful construct. One can see many examples of how to apply the construct in order to get a quick read and develop operating theories/assumptions. Today, I was looking at examples of brain drain caused by migrations of the “anti fragile”, leaving behind systems that became fragile without an anti fragile populace. Or US culture over the past 50+ years since The Great Society. Thanks for this.
The idea is interesting, although the example of the plane is not a very good one. The Airline industry has used disasters to construct a system that tries to delete the factors that lead to a crash. Usually, if not always, by standardization of the operational environment; be it maintenance, flight preparation, flight control, etc. So by making the whole system more predictable in its behavior the crashes have been reduced. Not sure he has thought this through enough.
Actually he is correct. I watch lots of youtubers that are Ailine pilots or engineers and they all say the same thing that prior crashes/incidents have brought about vast imporvements in the aireline industry.
I think you missed the point. The airlines do limit their robustness to safety and scheduling, but in everything else they are Antifragile. They work to adapt to changes in consumer behaviour. By making their staffing super-flexible, by updating frequently their aircraft in order to leverage technological gains, optimising routes, leveraging passenger psychology to get free financing (flying points schemes), brand stratification and extension - in all these they are antifragile.
@@st3ppenwolf Enjoying is only transient if you are in the endure mentality and enjoyment comes from the uncontrollable outside sources. If you enjoy the valleys and peaks, the bad can be as interesting as the good. and they loose the power over your mood.
So - a herd of wildebeest would be fragile, since they are prey animals, which run away when attacked by lions, some of them dying in the process. But the vultures who feed off their carcasses are anti-fragile, because they benefit from the chaos of the chase. On the other hand, individual wildebeest - those whose genetic disposition to remain more calm and survive the stampede through their superior mental capacity, for instance - would also be anti-fragile, and able to pass along their genes for that trait, while those who panicked died and thus did not benefit. This assures the continuation of the wildebeest species through time and change. Of course, the lions are also anti-fragile, as are the hyenas who pick the carcasses.
If you recover your health after getting a disease you didn't have antibodies against, then your body is resilient with respect to that disease. Now let's take another disease, against which you wouldn't survive if you got it. If you didn't have antibodies previously, getting an effective vaccine (a stressor) makes your body antifragile with respect to that disease. The stressor made your body "stronger" to defend against that disease.
With respect to options trading being resilient is akin to being long stocks with protective puts. Being so-called anti-fragile is akin to owning strangles on the market. Everything has a cost, and you will eventually go broke if you keep buying strangles in an attempt to be "anti-fragile." Being resilient is good enough, no need to incur the very high carrying cost of systematically trying to benefit from unlikely highly volitive events. Just make sure you carry sufficient insurance and/or cash/gold so you won't be ruined if they materialize.
one hypothesis: when it crashes, it is bailed out by government. And this reinforces their incentives to take even more silly risks (making it more fragile) given that the bank owners and directors own the upside and can transfer the downside to Society (via the government bail out)
Hey Julio, solid work so far, very helpful. Keep doing what you are doing. One correction at around 9:38 - it is the "Denial of Antifragility" i.e. not letting something be antifragile. Not "Denial Antifragility". Cheers.
Nissim got the appropriate pandemic response so wrong - he and his group had a kind of "zero-covid" strategy. Surprised that a guy that advocates "antifragility" would go that way.
Probably, because you don't understand the concept. Sure, you can be Antifragile by not wearing a seat belt in your car, but when the odds are that like thousands of drivers a year you will get into a crash, and be at least injured, if not killed, and it's proven that wearing a seatbelt reduces your risk, you would be Irrational not to wear it. Being Antifragile is not about taking stupid risks. It's about reasserting the rational management of risk, instead either being totally oblivious to risk, or being paralysed by risk. Both have undesirable consequences, as can be seen in the American economy today. The risks were poorly managed, because of the uniquely American psychological, political, and intellectual climate. And now, your economy is paying the price of that. It makes the management of systemic risks all the more difficult.
Hello friend! Im interested in your method of processing information. I really love your feature of notes section and kind of admire this concise informative bites. Please inform me about your intentions of not/making this kind of video or suggest some resources to excel at that skill. Love your work ❤️
Boom and bust is not a natural phenomenon in all economic system, only in the mixed economic system that we have boom and bust, because the natural protective mechanisms have been dismantled by government, muddling and controls.
It depends on the phenomenon. If you receive an effective vaccine, your body will become antifragile with respect to that disease. Now, if you receive uranium, you'll definitely be fragile. 🤷🏽
Like a number of Taleb’s other work, a seemingly intriguing single point to make, with lots of repetition, numerous examples, but not really much content here. Thriving on chaos, exercising anti-fragility doesn’t help much if you’re told you have pancreatic cancer, ALS, or if your helicopter pilot is not-instrument rated and you’re headed into fog; or if your woman (or your investor) is sadistic, or latently psychotic, etc.
Taleb didn’t write you a help manual for your feeble mindedness and/or mortal co-morbidities. He also didn’t tell you what to do when you pup your shorts. Sorry.
@@sciagurrato1831 Prepuce, you’re obviously confused. My comments were hypothetical, and intended mainly, to point out to the ignorant, where Taleb’s recent work misses the mark. I failed😀.
@@sciagurrato1831 Why the need for validation? No one cares about your opinion, but you obviously are bothered enough w/ the need to defend Taleb’s latest mediocre book . Perhaps you should heed your idol’s advice.
I like these guys better (Taleb, Kahneman) when they are giving us insight based on experiment and not conjecture about surface level patterns. This is close to looking at the stars and seeing Orion, as one commenter below stated about the airline industry you can look at the systems in place and get an entirely different "lesson" from it. then this guy makes another conjecture based on this to say we should "work like a lion". Find a different guru, better yet stop believing in gurus.
Your conclusions, ie "Nugget reflections" are ZERO to do with what was said. Feedback loop? Like what? What he said and what you said, the stuff about lion, had nothing to do with each other at all. I don't think you even listened to what they talked about n
I would like to like him again but when I saw a vid of his a few years ago in which he was trying, in support of him, to intellectualise donald trump he lost me.
![Nassim Taleb - The BEST Methodology to INCREASE your Odds of SUCCESS at Anything [w/ Naval Ravikant]](http://i.ytimg.com/vi/BXnSbF6fteY/mqdefault.jpg)
![Nassim Taleb - The BEST Methodology to INCREASE your Odds of SUCCESS at Anything [w/ Naval Ravikant]](/img/tr.png)
Taleb is the king of making simple things sound very complicated.
You read my mind.
Mannn for real. He could've explained this entire video in 1 minute or less 😂
You are and will be blocked forever.
I think of it like this. I don't need resilience if I have faith. Resilience takes personal effort to cope well but faith just copes well.
@@JBplumbing12 You keep your faith, the rest of the sane world will look to science and reality.
Never let a mistake go to waste.
Need to rethink the banking system in terms of anti-fragility.
❗🌟😎👍
I have been an avid reader of Taleb's books and I have read Anti fragility with a lot of interest- I UNDERSTAND him - I am grateful for articulating this theme!
Thank You !
I read fooled by randomness and black swan and I am must say that fooled by randomness is the one who made a huge impact on me and how to do my investments. I heard it 4 times and highly recommand to hear it as it free as audiobook in RUclips. The book matches perfectly with the book Thinking fast and slow
For a way to see another important point of view - please read From Good To Great by Mr Collins.
Please do more of Nassim Taleb's videos. Thank you for this amazing content.
Thank you !! Will do :)
@@PickingNuggets Yes yes please do! He makes me feel like an idiot but it has woken me up to my idiocy!
You are advancing humanity with this work! Just wow.
Appreciate your words! Nassim is the best :)
Chaos is a ladder. Little finger was anti-fragile
This is a useful construct. One can see many examples of how to apply the construct in order to get a quick read and develop operating theories/assumptions. Today, I was looking at examples of brain drain caused by migrations of the “anti fragile”, leaving behind systems that became fragile without an anti fragile populace. Or US culture over the past 50+ years since The Great Society. Thanks for this.
The Welfare State did that in the timeframe.
The idea is interesting, although the example of the plane is not a very good one. The Airline industry has used disasters to construct a system that tries to delete the factors that lead to a crash. Usually, if not always, by standardization of the operational environment; be it maintenance, flight preparation, flight control, etc. So by making the whole system more predictable in its behavior the crashes have been reduced. Not sure he has thought this through enough.
Actually he is correct. I watch lots of youtubers that are Ailine pilots or engineers and they all say the same thing that prior crashes/incidents have brought about vast imporvements in the aireline industry.
I think you missed the point. The airlines do limit their robustness to safety and scheduling, but in everything else they are Antifragile. They work to adapt to changes in consumer behaviour. By making their staffing super-flexible, by updating frequently their aircraft in order to leverage technological gains, optimising routes, leveraging passenger psychology to get free financing (flying points schemes), brand stratification and extension - in all these they are antifragile.
Man, that's good qualitative content!!!
thanks !!
This world is not for the ones that endure life but the ones that enjoy it.
What do you mean is not for the ones that endure life ? What about evolution then ?
@@rihhard1072 survival is for the uninspired. Enjoying life is the only solution.
444. Great observation. I need to learn from that. You’re a smart cat.
@@444haluk "Enjoying it" is a transient state, enduring the valleys knowing that the peaks are ahead is what makes life livable
@@st3ppenwolf Enjoying is only transient if you are in the endure mentality and enjoyment comes from the uncontrollable outside sources. If you enjoy the valleys and peaks, the bad can be as interesting as the good. and they loose the power over your mood.
Can't believe it's been a decade since antifragile came out. Hell.
Oh my God, I'm thinking the same thing!!! CRAZY
Anti-fragile might be considered opportunistic, in the sense of benefiting from misfortune of disruption of others.
i really love your videos, keep it up, much love from India
Thank you very much ❤
Appreciate ur description notes thanks a lot
My pleasure 😊
Uh nice! One of my favorite authors! Thank you. :)
thanks for watching :)
He does such good job of simplifying complex topic. Thanks you for posting this.
thank you !
So - a herd of wildebeest would be fragile, since they are prey animals, which run away when attacked by lions, some of them dying in the process. But the vultures who feed off their carcasses are anti-fragile, because they benefit from the chaos of the chase. On the other hand, individual wildebeest - those whose genetic disposition to remain more calm and survive the stampede through their superior mental capacity, for instance - would also be anti-fragile, and able to pass along their genes for that trait, while those who panicked died and thus did not benefit. This assures the continuation of the wildebeest species through time and change. Of course, the lions are also anti-fragile, as are the hyenas who pick the carcasses.
Great perspective! Not sure if it was just me but he didn't get into the difference between resilience & antifragility
He did. From what I understand resilience is when you are not harmed by volatility, whereas antifragile is when you benefit from stressors
If you recover your health after getting a disease you didn't have antibodies against, then your body is resilient with respect to that disease.
Now let's take another disease, against which you wouldn't survive if you got it. If you didn't have antibodies previously, getting an effective vaccine (a stressor) makes your body antifragile with respect to that disease. The stressor made your body "stronger" to defend against that disease.
With respect to options trading being resilient is akin to being long stocks with protective puts. Being so-called anti-fragile is akin to owning strangles on the market. Everything has a cost, and you will eventually go broke if you keep buying strangles in an attempt to be "anti-fragile." Being resilient is good enough, no need to incur the very high carrying cost of systematically trying to benefit from unlikely highly volitive events. Just make sure you carry sufficient insurance and/or cash/gold so you won't be ruined if they materialize.
Can you explain why banks crush makes next bank crush more likely?
Thanks
one hypothesis: when it crashes, it is bailed out by government. And this reinforces their incentives to take even more silly risks (making it more fragile) given that the bank owners and directors own the upside and can transfer the downside to Society (via the government bail out)
"Chaos is a ladder" - Little Finger
I would love to make a T shirt saying: "fail fast, fail often, get fired".
Great points, indeed!
Love these videos!! Happy to have found your channel, and subscribed :)
Thank youu!! ❤
I feel like all your vids are low volume. You can try normalizing the audio in your editor before exporting. Great stuff
Thanks for the tip!
But why that Comic Sans font in your video?
Hey Julio, solid work so far, very helpful. Keep doing what you are doing.
One correction at around 9:38 - it is the "Denial of Antifragility" i.e. not letting something be antifragile. Not "Denial Antifragility". Cheers.
Can you prove using algebra pls
Thank you Harish! You are right it makes more sense like that! I just changed it in the respective newsletter issue that contains all the notes :)
Please explain. Thank you.
Great mind...but I am sketchy on the need of stress that doesn't kill you theory..
Thank you for sharing this
welcome :)
Nissim got the appropriate pandemic response so wrong - he and his group had a kind of "zero-covid" strategy. Surprised that a guy that advocates "antifragility" would go that way.
@Bob Thrasher Notice how any critiques don't get "hearted." Sounds rather fragile.
It's Nassim.
Probably, because you don't understand the concept. Sure, you can be Antifragile by not wearing a seat belt in your car, but when the odds are that like thousands of drivers a year you will get into a crash, and be at least injured, if not killed, and it's proven that wearing a seatbelt reduces your risk, you would be Irrational not to wear it.
Being Antifragile is not about taking stupid risks. It's about reasserting the rational management of risk, instead either being totally oblivious to risk, or being paralysed by risk. Both have undesirable consequences, as can be seen in the American economy today. The risks were poorly managed, because of the uniquely American psychological, political, and intellectual climate. And now, your economy is paying the price of that. It makes the management of systemic risks all the more difficult.
Extraordinary
Thank you.i really hate this word Resilience
Hello friend! Im interested in your method of processing information. I really love your feature of notes section and kind of admire this concise informative bites. Please inform me about your intentions of not/making this kind of video or suggest some resources to excel at that skill. Love your work ❤️
Boom and bust is not a natural phenomenon in all economic system, only in the mixed economic system that we have boom and bust, because the natural protective mechanisms have been dismantled by government, muddling and controls.
The interviewer and interviewee share surprisingly similar voices, even the accent.
temperable things is a better word than antifragile.
Where can I see fuĺl talk
Hey! The link is in the description :)
This is not new, it is Adaptability. It is what Darwin pointed out centuries ago, and probably many others before and since
Nassim is brilliant
@Greg LeJacques ok champ. Congrats you can hurl insults at random people on the internet well done.
Subscribe because of the NNT videos. Please make more!
will do :)
Adaptive
Sant Tukaram has said all this in two sentences. In flood big trees fall but grass survives. That is resilience and antifragility.
One plane crash in 7 years?? With in accuracies like that how can we believe the rest of it?
In "Black Swan", bad events hurt you.
In "Antifragile", bad events make you stronger.
Wait, what? Which is it, then?
It depends on the phenomenon. If you receive an effective vaccine, your body will become antifragile with respect to that disease. Now, if you receive uranium, you'll definitely be fragile. 🤷🏽
He’s Covid 19 approach was towards resilience, against his teaching .
Become a scholar no you can't study to be smart.
Like a number of Taleb’s other work, a seemingly intriguing single point to make, with lots of repetition, numerous examples, but not really much content here.
Thriving on chaos, exercising anti-fragility doesn’t help much if you’re told you have pancreatic cancer, ALS, or if your helicopter pilot is not-instrument rated and you’re headed into fog; or if your woman (or your investor) is sadistic, or latently psychotic, etc.
Taleb didn’t write you a help manual for your feeble mindedness and/or mortal co-morbidities.
He also didn’t tell you what to do when you pup your shorts.
Sorry.
@@sciagurrato1831 Prepuce, you’re obviously confused. My comments were hypothetical, and intended mainly, to point out to the ignorant, where Taleb’s recent work misses the mark. I failed😀.
@@commanderthorkilj.amundsen3426 frankly, your pointing out where Taleb “misses” is like a 13 year critiquing Plato.
@@sciagurrato1831 Why the need for validation? No one cares about your opinion, but you obviously are bothered enough w/ the need to defend Taleb’s latest mediocre book . Perhaps you should heed your idol’s advice.
@@commanderthorkilj.amundsen3426 sorry about your terminal cancer. Most cases do not initiate in the cranium.
3.30
2:00 Jordan Peterson loses from Chaos.
Jordan Peterson is fragile.
But it wouldn't save the economy from the collapse anyway.... even it were three times antifragil.
I like these guys better (Taleb, Kahneman) when they are giving us insight based on experiment and not conjecture about surface level patterns. This is close to looking at the stars and seeing Orion, as one commenter below stated about the airline industry you can look at the systems in place and get an entirely different "lesson" from it. then this guy makes another conjecture based on this to say we should "work like a lion". Find a different guru, better yet stop believing in gurus.
This guy gets high on his own farts
A truly as(s)inline comment from a dummkopf
so basically "antifragile" is opportunity, contrary to risk which can be assigned to "fragile"
Anti-Fragile = Speculant.
Learn from mistake, then act to improve? That's not so big deal.
Crypto is a great example.
what?
Your conclusions, ie "Nugget reflections" are ZERO to do with what was said. Feedback loop? Like what? What he said and what you said, the stuff about lion, had nothing to do with each other at all. I don't think you even listened to what they talked about n
This man is a liar.
I would like to like him again but when I saw a vid of his a few years ago in which he was trying, in support of him, to intellectualise donald trump he lost me.
Drink the milk, forget the cow.
人們分不清楚壓力與風險！
很多時候，所謂的風險管理，只是在舒緩壓力，也就是處理主觀的不安感，進而忽略了客觀真實存在的風險！
ruclips.net/video/dq1rcdEds5Q/видео.html