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Scooped by Deb Nystrom, REVELN
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Nassim Taleb's 'Antifragile' Celebrates Randomness In People, Markets - Forbes

Nassim Taleb's 'Antifragile' Celebrates Randomness In People, Markets - Forbes | Change Management Resources | Scoop.it

'Antifragile' is a celebration of risk and randomness and a call to arms to recognize and embrace antifragility.

Many readers misunderstand Taleb’s core message.  They assume that because Taleb writes about unseen and improperly calculated risks, his objective must be to reduce or eliminate risk.  Nothing could be further from the truth. 


Antifragile is a celebration of risk and randomness and a call to arms to recognize and embrace antifragility. 


Rather than reduce risk, organize your life, your business or your society in such a way that it benefits from randomness and the occasional Black Swan event.


Taleb’s own life is a case in point.  He had the free time to write Fooled, The Black Swan and Antifragile because—in his own words—he made “F___ you money” during the greatest Black Swan event of our lifetimes, the 1987 stock market crash.  


...Taleb’s trading style is antifragile, had the 1987 crash never happened, Taleb would not have been materially hurt.  His trading style puts little at risk but allows for outsized returns.



Other antifragile Scoops:

    

         
         

    Deb's related posts:

         

        
    Deb Nystrom, REVELN's insight:

    Taleb's coinage of "Antifragile" is compelling.  Change practitioners might find this a useful concept to understanding how to survive and thrive in a VUCA (Volatile, Uncertain, Complex, Ambiguous) world.  ~  Deb

    more...
    Deb Nystrom, REVELN's comment, April 17, 2013 2:57 PM
    Anne, your layering encourages critical nuanced views beyond the book's "shiny new term" idea. Sometimes the first thing to do is "not do," as in, don't just do something, stand there. Doe we need an "intervention?" What are the other perspectives available, thinking systemically? Re: Iatrogenics: From the "Black Swan Report: "...the argument of Chapters 21 and 22 on the convexity of iatrogenics (only treat the VERY ill): Mortality is convex to blood pressure."
    Anne Caspari's comment, April 22, 2013 9:42 AM
    Hi Deb, thanks :-). I also reckon there are MANY fresh perspectives on how to handle different systems (or leave them alone), may they be health, financial, socio-political, ecological.... I love it and keep smiling to myself when I see the aha - moments on applied convexity/anti/fragility pop up in daily life, business and otherwise... compliments also on your scoops...
    Deb Nystrom, REVELN's comment, April 22, 2013 10:16 PM
    Thanks Anne. Systems and org. groupies a bit, maybe. ;-)
    Rescooped by Deb Nystrom, REVELN from Agile Learning
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    Getting Stronger through Stress: Making Black Swans Work for You

    Getting Stronger through Stress: Making Black Swans Work for You | Change Management Resources | Scoop.it

    "...our focus in modern times on removing or minimizing randomness has actually had the perverse effect of increasing fragility."



    Excerpts - Edge Perspectives with John Hagel: 


    ...we all need to find ways to harness the power of randomness, volatility and extreme events to help us grow and develop more of our potential.


    Focusing on Black Swans


    Nassim Nicholas Taleb writes about black swans [including] three books: Fooled by RandomnessThe Black Swan and, now, Antifragile.


    Black Swans, in Taleb’s parlance, are “large-scale unpredictable and irregular events of massive consequence.’


    The latest book focuses on approaches that enable us to thrive from high levels of volatility, and particularly those unexpected extreme events.

    It...willl...prove infuriating to most of our economic, educational and political elites, for he argues that these elites have played a major role in making us increasingly vulnerable to volatility and Black Swans.


    ...The quest for antifragility

    The real opportunity, in Taleb’s view, is to learn and grow from volatility and unexpected events – not to return to where you were, but to become even better as a result of the exposure and experience.   


    He makes an important point: biological systems in nature are inherently antifragile – they are constantly evolving and growing stronger as a result of random events. In contrast, man-made systems tend to be fragile, they are the ones that have a hard time coping with random events.  


    Taleb highlights a key paradox: our focus in modern times on removing or minimizing randomness has actually had the perverse effect of increasing fragility.


    Related posts by Deb:


       

       

    Deb Nystrom, REVELN's insight:

    This post was originally Scooped in Agile Learning.  It also seems a very useful perspective for Change Management Resources with the concept "Anti-Fragile" compared to resilience and resistance.  ~  Deb


    Photo credit:  By Tamsin Slater

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    Deb Nystrom, REVELN's curator insight, April 8, 2013 2:28 PM

    Resilience, Robustness? - Nope.  The blog author references another author who uses nature to describe "Antifragility."   I see a parallel with the concept of Agile systems, including learning agility and "unlearning."  ~  Deb


    Photo credit:  by Tamsin Slater, Flickr CC

    Harry Cannon's curator insight, April 11, 2013 6:25 AM

    Are we becoming too risk averse, in projects and society? We seem less tolerant of failure, which makes us less able to deal with the setbacks that do occur.