Streams

Antifragile

Wednesday, November 21, 2012

Nassim Nicholas Taleb explains how to thrive in an uncertain world. In his new book, Antifragile: Things that Gain from Disorder, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine.

Guests:

Nassim Nicholas Taleb

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Comments [7]

Miguel from Flushing

Finally a guest who acknowledges the business cycle theory!

Nov. 21 2012 07:53 PM
Hank

"The economic crisis was caused by deregulation hurrr."
Seriously Leonard? This argument has been refuted and beaten to death so often, how can you still continue to proclaim it as fact? Do you just take these lines out of the Media Matters handbook?
The most often cited "deregulation" being Glass-Steagall which was created to thwart improper commercial banking activity. Improper banking activity that would otherwise have not occurred if it were not for things like the federal insuring of all deposit accounts and fractional reserve system.

What non-investors don't realize is that with the removal of such regulations, a colossal number of other regulations mounted itself onto the financial services sector, like, Sarbanes-Oxley. Which is responsible for costing businesses on average $5 million to come into compliance with its regulations. It has resulted in US companies de-registering from American stock exchanges, and in return benefiting the London and Hong Kong stock exchanges with new IPOs. Further putting us poor Americans at a competitive disadvantage with the rest of the world.

Nov. 21 2012 07:41 PM
Brad from Manhattan

What's the matter Leonard, run out of Harvard Soviets for your interviewing line-up?
I have to say that it was very refreshing to listen to someone like Mr. Taleb for a change.

Nov. 21 2012 06:40 PM
Liz from New Jersey

I'm sitting in my car to hear the entire interview. Of course, my mind immediately tried to think of better terms that "antifragile". ;-)

This book is going on my Christmas list.

Nov. 21 2012 01:57 PM
Lliam from Staten Island

This is truly brilliant. I feel like someone is pulling back the curtain of life. Its like being explained how I can change my entire life for the better. It also gives me another reason to not really like Greenspan.

Nov. 21 2012 01:50 PM
Bill G. from Danbury

Sounds like the menu problem: do you order something familiar and safe or something unknown and possibly life changing?

Nov. 21 2012 01:49 PM
Hal from Brooklyn

This is very interesting, and frankly brilliant, despite his inability to express it brilliantly. In chaos theory, 'attractors' are the factors that facilitate order, or patterns . When you stress a system, you test the attractors, and learn where the adjustments are needed to maintain homeostasis.

Nov. 21 2012 01:41 PM

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