“The more ritualistic your business life is, the more likely you are to go out of business…the more ritualistic your function, the more probable is your eventual redundancy…The best thing is to not have to do anything as a default.” –Nassim Nicholas Taleb *
Tagged: Nassim Taleb, Quotes
“Evolution proceeds. . .thanks to continuous, repetitive, small, localized mistakes. What men have done with top-down, command-and-control science has been exactly the reverse: interventions with negative convexity effects, i.e., the achievement of small certain gains through exposure to massive potential mistakes. Our record of understanding risks in complex systems (biology, economics, climate) has been pitiful, marred with retrospective distortions (we only understand the risks after the damage takes place, yet we keep making the mistake), and there is nothing to convince me that we have gotten better at risk management.” -Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
Tagged: Nassim Taleb, Quotes, Reading