Nassim Nicholas Taleb on Accepting Uncertainty, Embracing Volatility [Archive.org URL]

The defining characteristic of future change, according to Nassim Nicholas Taleb, is that it is impossible — and foolhardy — to try to predict it. Nonetheless, the dominant impulse among policymakers and so-called experts is to attempt to reduce volatility rather than deal with it more productively. In his new book, Antifragile: Things That Gain from Disorder, Taleb argues that in order for individuals, institutions, industries and societies to not only survive but also thrive, it is essential to make peace with uncertainty.

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