Sublime

Even worse, as I have shown in Antifragile, the fragility of the system’s components (provided they are renewable and replaceable) is required to ensure the solidity of the system as a whole. If humans were immortals, they would go extinct from an accident, or from a gradual buildup of misfitness. But shorter shelf life for humans allows genetic ch

his book The Black Swan, Nassim Taleb defines a black swan as an event of low probability, extreme impact, and only retrospective predictability.

Skin in the Game is about four topics in one: a) uncertainty and the reliability of knowledge (both practical and scientific, assuming there is a difference), or in less polite words bull** t detection, b) symmetry in human affairs, that is, fairness, justice, responsibility, and reciprocity, c) information sharing in transactions, and d) rationali

Macroeconomics, for instance, can be nonsense since it is easier to macrobull t than microbull t—nobody can tell if a theory really works.

Fragility implies more to lose than to gain, equals more downside than upside, equals (unfavorable) asymmetry and Antifragility implies more to gain than to lose, equals more upside than downside, equals (favorable) asymmetry

Nassim Taleb says, “You can be risk loving and yet completely averse to ruin.”