The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems and medicine, drawing on modern street wisdom and ancient sources. Nassim nicholas taleb takes a critical look at modern society and its aim to smooth out life by interfering in systems like the economy. Investing philosophy best known and popularized by nassim taleb. Antifragile investing is for when the markets go down. Just to define terms, i think you are talking about what taleb mentions in his earlier books. Why the one percent of the one percent benefit from inequality more than general prosperity. His 2007 book the black swan has been described by the sunday times as one of the twelve most influential. Cio mark spitznagel on the paradox of higher returns with lower risk.
The other books in the series are fooled by randomness,the black swan, skin in the game, and the bed of procrustes. Find all the books, read about the author, and more. But its a lesserknown book that really captures the essence of taleb s ideas and presents ways of dealing with the unexpected, serving as a guide for business, politics and life. Nassim taleb says investors need insurance from market. Explains how we missed the word antifragility in classrooms. How to create an antifragile life, and a stock portfolio. Books are seen by some as a throwback to a previous world. The complex system of financial markets and our portfolios is the area where we stand to.
Nassim nicholas taleb on how to be more antifragile if work is dull, dont do it, go stand outside in the cold, and much more. The one percent of the one percent of the population is vastly more sensitive to inequality than total gdp growth which explains why the superrich are doing well now, and. This book builds upon ideas from his previous works including fooled by randomness 2001, the black swan 20072010, and the bed of procrustes 20102016 and is the fourth book in the fivevolume. A postulated antithesis to fragility where highimpact events or shocks can be beneficial. Most continue readingantifragile by nassim nicholas taleb. In 2016, i started researching how to apply this antifragile mindset to investing. He gets in twitter fights, eats a lot of squid ink pasta, but also has many fans. The imagination of the genius vastly surpasses his intellect. Download for offline reading, highlight, bookmark or take notes while you read antifragile. Taleb examined how small doses of volatility can help systems handle larger disruptors in the future. Nassim taleb, in his exasperating but compelling book antifragile, praises things that gain from disorder people, policies and institutions designed to thrive on volatility, instead of shattering in the encounter with it oliver burkman, guardian more than just robust or flexible, it actively thrives on disruption julian baggini, guardian. The fragilista defaults to thinking that what he doesnt see is not there, or what he does not understand does not exist. Given the volatility of the market lately, ive been thinking a lot about nassim taleb s book antifragile. With this book taleb has outed antifragility and i would love to think that decision makers everywhere would incorporate the concept into their activities.
Things that gain from disorder is the fourth book from nassim taleb s incerto series, a followup on the black swan wherein taleb introduces and describes the concept of antifragility throughout different domains. One of the major ways it impacted me is that it helped me think about the types of businesses id want to own when market valuations are high but some stocks start to look cheap. Investors wary of paying fees to mutualfund managers can implement their own tailrisk strategies. Things that gain from disorder, which built off his previous works and applies the lessons learned to todays biggest challenges. Erudite, witty, and iconoclastic, taleb s message is revolutionary. In 2012, nassim nicholas taleb published antifragile. Antifragile is a standalone book in nassim nicholas taleb s landmark incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decisionmaking in a world we dont understand.
When it comes to investing, the main conclusion i drew was that value investing is inherently antifragile, which is why it works. The barbell investing strategy, advocated by nassim taleb, can take many forms and may be structured in such a way that some of the holdings take significant well above average advantage of market movements, while another part of portfolio is very low. Nassim taleb has released a technical note for antifragile on his facebook page. When submitted to stress, an object will usually either be harmed or withstand the shock. In this book, written by nassim taleb author of black swan, we are introduced to antifragility, a concept where some systems are strengthened by volatility instead of weakened by it. It is a kind of instruction manual for a world that cannot be completely understood, and as. The other books in the series are fooled by randomness, the black swan, skin in the game, and the bed of procrustes. I enjoy his writing and, among all his books, think antifragile is the most complete description of his philosophy on life and markets. For example, a set of wine glasses is fragile because any volatility will break them, but humankind is antifragile thanks to evolution and our ability to adapt to environmental changes. Taleb is a former trader, a professor at nyu, and the author of several bestsellers including fooled by randomness, the black swan, antifragile, and his justreleased skin in the game. Its not just a modern practical philosophy book, its a guide for smart investing, exercising, learning, working, and thinking.
Antifragility is a concept developed by professor, former trader and former hedge fund. The concept of antifragility was developed by nicholas nassim taleb in his book antifragile. Fooled by randomness, the black swan, the bed of procrustes, antifragile taleb, nassim nicholas on. It suggests that this quality has been vital for the progress of human civilization since ancient times. Antifragile by nassim taleb things that gain from disorder wind extinguishes a candle but energises fire. Nassim taleb is a trader himself and many of the lessons from this book he learned by trading in highly volatile currency markets. Things that gain from disorder is a book by nassim nicholas taleb published on november 27, 2012, by random house in the united states and penguin in the united kingdom. Nassim nicholas taleb, the bestselling author of the black swan.
Things that gain from disorder, author nassim taleb describes unpredictable shocks and other chaotic events that arise. Nassim taleb tackled this very question in his latest book, antifragile. Likewise with randomnessuncertaintychaos, you want to be able to use them, not to hide from them. Nassim nicholas taleb on how to be more antifragile the. In the black swan taleb outlined a problem, and in antifragile he offers a. Nassim talebs barbell portfolio investment strategy. Strengthen your portfolio with this antifragile stock. Antifragile is the third book in taleb s incerto italian for uncertain trilogy. The first two books in the trilogy, fooled by randomness and the black swan, have made taleb the hottest thinker in the world, according to the london times. On the other hand use 10%, or the remaining capital for very risky investments. Things that gain from disorder incerto paperback january 28, 2014. Things that gain from disorder ebook written by nassim nicholas taleb. Nassim taleb argued that there ways for investors to not only survive in a seemingly random world, but to thrive, to become antifragile.
Things that gain from disorder, a book in which he presents a kind of theory of everything. Antifragile has completely changed how people think about work and life, and the concepts from it can be used daily. Undoubtedly the book will be ignored by the establishment. Fooled by randomness, the black swan, the bed of procrustes, antifragile. From the bestselling author of the black swan and one of the foremost thinkers of our time, nassim nicholas taleb, a book on how some things actually benefit from disorder. Is nassim talebs barbell allocation strategy easily. Book summary of talebs antifragile movement capital. Nassim taleb is the original, idiosyncratic mind behind fooled by randomness, the black swan, and antifragile, a bestselling series of books on the nature of complexity, randomness, and a world where rare events dominate the landscape. Nassim nicholas taleb, born in lebanon, started his career as a derivatives trader on wall street.
823 407 342 1274 631 1159 637 1052 674 1457 185 392 1221 501 443 588 841 1270 1348 336 1154 1211 59 1162 385 510 873 1546 192 916 984 1429 73 726 728 1479 617 32 1074 797 994 783 698 1115 488 64 203