Sunday, October 28, 2012
Nassim Taleb discusses the concept of Antifragility at Princeton.
If you want to understand the long-term consequences of market interventions and other attempts to delay or remove stressors from real-world systems, watch this video.
Taleb also makes clear that we are at an unprecedented point in history, in which those in power benefit on the upside while having no real risk (no "skin in the game") on the downside. In other words, our supposed "leaders" hold their positions and accrue benefits from them without having to display courage or face the consequences of their actions and decisions.
You can hear more from Taleb on this topic in an excellent econtalk interview from earlier this year.
His new book, Antifragile: Things That Gain from Disorder is available on Amazon.