Monthly Archives: November 2012

Hello from London Anyone going to DUNBO Brooklyn on Wed?

Hello from London
Anyone going to DUNBO Brooklyn on Wed?
http://powerhousearena.com/newsletters/121128/

Book Launch: Antifragile:
Things That Gain From Disorder by Nassim Nicholas Taleb —
Wednesday, November 28, 7–9 PM
Why is Calculus 103 easier than Calculus 101? Why is email a constant low-grade stress on our lives? Why do more pedestrians die in cross walks than in other parts of the street? Why is being a cab driver a more reliable job than being a banker? Why is it better to have a hobby than to be a professional scholar?

via Hello from London… | Facebook.

A Manifesto for Disorder: Nassim Nicholas Taleb’s ‘Antifragile’ Reviewed – The Daily Beast

And like many attempts to lay the foundation for a new philosophical system, it offers its own vocabulary and a platter of new concepts. Hubristic wielders of rationality are dubbed “fragilistas” (Alan Greenspan, at one point, is labeled an “uberfragilista”). Those who practice “naïve interventionism” by recklessly meddling in complex systems often give rise to “iatrogenics,” or “harm done by the healer, as when a doctor’s interventions do more harm then good.” The many who believe that human knowledge begins in the academy are guilty of the fallacy of “lecturing birds on how to fly.” There are so many neologisms and repurposed turns of phrase, in fact, that a back-of-the-book glossary is provided for easy reference.

via A Manifesto for Disorder: Nassim Nicholas Taleb’s ‘Antifragile’ Reviewed – The Daily Beast.

What I say is HERE and HERE ONLY

This is the fact that should make sympathetic readers of Taleb pause: we have had at least two major global crises in recent years – the financial crisis in 2007-08 and the European banking crisis in 2011 – and yet the payoff to option buyers from those events has not even covered the carrying costs of the strategy in the last several years, much less the costs incurred from buying anti-fragility (option gamma) during the prior decade. It’s not just that options are not underpriced in light of “black swan” risks: they’re dramatically overpriced.

via Why Taleb is Wrong About Markets and Uncertainty | Condor Options.‏

@EpicureanDeal Excellent work. Highly recommended. RT @CondorOptions: Why Taleb is wrong about markets and uncertainty.
http://condoroptions.com/2012/11/26/why-taleb-is-wrong-about-markets-and-uncertainty/

@ModernistAlpha sorry,but this critique of Taleb’s prescriptive ideas is a straw man.Taleb opposes blind faith,not measurement

@nntaleb What I say is HERE and HERE ONLY. http://www.fooledbyrandomness.com/Ilmanen.pdf

via Nassim N. Taleb (nntaleb) on Twitter.

Did my interview with FP under the condition…

Did my interview with FP under the condition to be OFF their list of “thinkers”.

http://www.foreignpolicy.com/articles/2012/11/26/the_fp_100_global_thinkers

The FP Top 100 Global Thinkerswww.foreignpolicy.comIn 2012, the hopes for the Arab Spring began fading into cynicism as the world watched Syria descend into civil war, while the region’s nascent democracies struggled with their newfound freedom. But, meanwhile, one of the most remarkable and unexpected political reversals of our time has unfolded on…

via Did my interview… | Facebook.

Renowned thinker Nassim Nicholas Taleb: Let’s cherish the unpredictable | Metro.co.uk

His point is that some things benefit from ‘mishandling’, from shocks, bangs and random knocks.
An emergency or problem, for example, can often lead to a useful new idea.
‘The airline industry benefits from every mistake ever made anywhere on the planet,’ he said. ‘Any pilot who makes a mistake anywhere on the planet today will make your next flight safer. The banking industry is the opposite.
‘Every mistake takes the banking system closer to total collapse. One system is antifragile, the other is fragile.’

via Renowned thinker Nassim Nicholas Taleb: Let’s cherish the unpredictable | Metro.co.uk.