Alex Chaney if by figuring out you mean predicting the future, yes you can't. However there are ways to become anti fragile to resist negative outcomes, and it comes down to mindset.
sorry to be off topic but does anyone know of a way to get back into an instagram account?? I somehow lost the password. I would love any tips you can give me
@Remy Melvin thanks for your reply. I found the site thru google and I'm waiting for the hacking stuff now. Looks like it's gonna take a while so I will reply here later when my account password hopefully is recovered.
It's an honor to live in the presence of a genius. Maybe 100yrs in the future, only then society will listen to this man (if humanity hasn't destroyed itself).
Jane society might not be articulating the way he is. But if you look at voting patterns and other things happening around the world - society is for sure reacting in its own little way
Peter The Rabbit In General, a change in the world's financial system. He peel the layers of our mental bias regarding financial systems. And it is also applicable in many area such as health care, education and government. In general, that we live in a non-linear world and nearly all of the system we develop are linear in approach. A world of uncertainty and randomness instead of the delusion of certainty. Examples Farming - we monocrop instead of embracing diversity of multicrop Education - memorization instead of understanding Finance - the discrepancy of millions of dollars between CEO and employee Health - drugs instead of food and preventative measures Taleb doesn't talk about these things, but he points out that the systems we developed (and using) are wrong. And he explains it why it is wrong. The problem is that our brain is wired to seek safety of certainty, but the world is random and filled with uncertainties. We need to create systems designed for uncertainties, chaos and randomness.
Peter The Rabbit As the title says "Intellectual Fallacies". The concept of Intellectual fallacies within our society. Intellectual fallacies from science, politics, religion, arts, philosophy, etc... These causes very inefficient and wasteful systems.
I like to watch interviews with NNTaleb in order to get a deeper understanding of his books. This is the best interview i have seen because the interviewer asks such excellent questions, so credit to M. McWilliams!
Many people in power would like to sweep his books and speeches under the rug. Thankfully, they can't. His findings can be applied to so many areas not just economics. One of these area is urban planning - the scale of problems is scary. Nassim, please look into this 'planning' business.
The Hamurabi Code was the first legal system or (what I can say for sure) the first legal system with the proportionality principle. The Code is interpreted as a "backwards" system - at least that's what I learned in school - but it was the first system that did not allow the king, for instance, to kill someone who stole from him - all he could do is cut the thief's hand. In France it took a revolution to make that a reality and it happened thousands of years after Hamurabi's Code.
Re: last A. Druids no skin in the game? They gave their all, as did Odin when hanging from Yggsdrasil. Meanwhile, I have yet to read or hear Taleb say anything significant about the environment. You know, that Great Economy upon which all others depend? But I pine to be corrected: Has Taleb drawn up some maxims or done the math on bleaching corals, climate change, mass extinction, and the like?
30:20 The moderator/interviewer, David McWilliams, was born in Belfast and then Taleb starts talking about the Great Famine as if it was just the result of botatoes not growing well that time ...
Mr Taleb is an interesting speaker (and writer) and I accept many of his ideas. However, he is mistaken about the captain of the Titanic not going down with his ship.
46:00 the Market knows more than central planning, but the markets themselves cannot stand on their own, they need currency to allow the players to exchange, which leads back to bureaucracy and central planning .
50:15 Do you have any evidence for that? To me it seems they simply don't care whether they get it right, only that they stay in power giving orders, because they are not held accountable. Even in my 3rd world country known as El Salvador high rank politicians of the level of a president have gone to jail.
What Taleb is doing is equivalent to saying, "you idiots don't know how to build houses! Let me show you how to build houses". To extend the metaphor, Taleb is saying that the houses are collapsing because everybody is incompetent. In other words, houses are being built by people that don't understand engineering. He then goes on to explain what the correct engineering is. This misses the point completely. What are the incentives that give rise to a situation where incompetence thrives? This is a political and sociological problem. It has to be solved with political solutions. If politics was a non-issue we would be arguing about the specifics of implementing various schemes. It's the same situation with climate change.
Trump -- who got $200 mil from Daddy Trump at 18 - has NEVER had his own skin in any game. For that he has chumps and the taxpayers. Trump is the ULTIMATE other people's skin. Sorry, Nassim, I still love you tho'. D.A., J.D., NYC
LOL!!! Is this irony or hypocrisy? This "expert" who is trashing all "experts" and every public-servant/government-worker .. how much skin does this man have in the business of governance? I am not saying he is right or wrong.
Hari Mahadevan he was risk manager at wall Street who successfully predicted the 08 crash because he was able to see through the hubris of economists. he is speaking from experience hence has credibility.
Everyone has skin in the governance, we elect them, their policies and laws are applied on us and we bear the price of their mistakes. He and everyone is an expert since we are the system and system is the expert.
Benabbou Aissa I've found that people who are dismissive of IQ as a meaningful index tend to think highly of their own level of intelligence while not actually being as smart as they think they are. IYI's you might say
Pointless question. A person with moderate IQ can have a much deeper understanding of the world than a person with extreme high IQ who can compute faster than everybody. There is something called as Emotional Quotient, which I believe is more important than IQ. For computations, we have computers but to understand how complex systems like global markets work needs a deep understanding based on experience that cannot be something compensated by higher IQ
well, i am skeptic of grand theories applied to all domains. Taleb got lucky to "predict" the financial crisis and then gone wild extending his grand concepts ( Antifragile, SITG, Blackswan ) to everything under the sun. narrative fallacy and other biases are well known, he is just a science popularizer. he wraps his writing in philosophical style to invoke profoundness. remind of post-modern bullshit..
Finally a man who figured out you can't figure out everything.
Alex Chaney if by figuring out you mean predicting the future, yes you can't. However there are ways to become anti fragile to resist negative outcomes, and it comes down to mindset.
sorry to be off topic but does anyone know of a way to get back into an instagram account??
I somehow lost the password. I would love any tips you can give me
@Zev Griffin instablaster :)
@Remy Melvin thanks for your reply. I found the site thru google and I'm waiting for the hacking stuff now.
Looks like it's gonna take a while so I will reply here later when my account password hopefully is recovered.
@Remy Melvin It did the trick and I now got access to my account again. Im so happy!
Thank you so much, you saved my account :D
It's an honor to live in the presence of a genius. Maybe 100yrs in the future, only then society will listen to this man (if humanity hasn't destroyed itself).
Jane society might not be articulating the way he is. But if you look at voting patterns and other things happening around the world - society is for sure reacting in its own little way
Jane Smith
Can you explain what concepts you think he has that are so important for humanity in general?
Peter The Rabbit
In General, a change in the world's financial system. He peel the layers of our mental bias regarding financial systems. And it is also applicable in many area such as health care, education and government.
In general, that we live in a non-linear world and nearly all of the system we develop are linear in approach. A world of uncertainty and randomness instead of the delusion of certainty.
Examples
Farming - we monocrop instead of embracing diversity of multicrop
Education - memorization instead of understanding
Finance - the discrepancy of millions of dollars between CEO and employee
Health - drugs instead of food and preventative measures
Taleb doesn't talk about these things, but he points out that the systems we developed (and using) are wrong. And he explains it why it is wrong. The problem is that our brain is wired to seek safety of certainty, but the world is random and filled with uncertainties. We need to create systems designed for uncertainties, chaos and randomness.
Peter The Rabbit
As the title says "Intellectual Fallacies".
The concept of Intellectual fallacies within our society. Intellectual fallacies from science, politics, religion, arts, philosophy, etc...
These causes very inefficient and wasteful systems.
Same thoughts here. I think in 50 years we will appreciate him
I like to watch interviews with NNTaleb in order to get a deeper understanding of his books. This is the best interview i have seen because the interviewer asks such excellent questions, so credit to M. McWilliams!
Asks good questions and gives him a chance to answer them.
Excellent work from Taleb. Thank you ZEE Jaipur.
Many people in power would like to sweep his books and speeches under the rug. Thankfully, they can't. His findings can be applied to so many areas not just economics. One of these area is urban planning - the scale of problems is scary. Nassim, please look into this 'planning' business.
Thank you for uploading this.
"Thomas Freedman has a negative understanding of the world," that's awesome.
why hasn't anyone complained about the buzz?
Ohh i thought my ear phones at problem
This guy is a genius
'i dont know' is a good place.
Smart guy, would recommend his books.
I liked "Fooled by Randomness" best.
antifragile came with magnificent conclusion to it all.
The Hamurabi Code was the first legal system or (what I can say for sure) the first legal system with the proportionality principle. The Code is interpreted as a "backwards" system - at least that's what I learned in school - but it was the first system that did not allow the king, for instance, to kill someone who stole from him - all he could do is cut the thief's hand. In France it took a revolution to make that a reality and it happened thousands of years after Hamurabi's Code.
A sincere speaker 👍🏻💙💚
If only nassim knew that there were so many socialists and commies around him ... Kame hame ha - black swan style
Excellent.
Re: last A. Druids no skin in the game? They gave their all, as did Odin when hanging from Yggsdrasil. Meanwhile, I have yet to read or hear Taleb say anything significant about the environment. You know, that Great Economy upon which all others depend? But I pine to be corrected: Has Taleb drawn up some maxims or done the math on bleaching corals, climate change, mass extinction, and the like?
You should read his new book. Theres a chapter on how to reverse global warming
i keep my portfolio in cash and when i see a play i play it.
30:20 The moderator/interviewer, David McWilliams, was born in Belfast and then Taleb starts talking about the Great Famine as if it was just the result of botatoes not growing well that time ...
Taleb, is a FUCKING GENIUS
So ... he's a blacksmith who casts forks?
Mr Taleb is an interesting speaker (and writer) and I accept many of his ideas. However, he is mistaken about the captain of the Titanic not going down with his ship.
This guy is a major Yo-yo artist!!!!
46:00 the Market knows more than central planning, but the markets themselves cannot stand on their own, they need currency to allow the players to exchange, which leads back to bureaucracy and central planning .
50:15
Do you have any evidence for that? To me it seems they simply don't care whether they get it right, only that they stay in power giving orders, because they are not held accountable. Even in my 3rd world country known as El Salvador high rank politicians of the level of a president have gone to jail.
Taleb writes far better than he speaks but then again it tells u how bad people wanna hear to what he’s gotta say even though he is not great speaker
Actually bringing a hindi to the US will also be an example of intolerant minority since most hindus are vegetarian
The Bogtrotter should have shut up, he kept breaking the flow.
Socialism for the losers and capitalism for the winners .
What Taleb is doing is equivalent to saying, "you idiots don't know how to build houses! Let me show you how to build houses". To extend the metaphor, Taleb is saying that the houses are collapsing because everybody is incompetent. In other words, houses are being built by people that don't understand engineering. He then goes on to explain what the correct engineering is. This misses the point completely. What are the incentives that give rise to a situation where incompetence thrives? This is a political and sociological problem. It has to be solved with political solutions. If politics was a non-issue we would be arguing about the specifics of implementing various schemes. It's the same situation with climate change.
Read his book. He is a great writer than a speaker.
Trump -- who got $200 mil from Daddy Trump at 18 - has NEVER had his own skin in any game. For that he has chumps and the taxpayers. Trump is the ULTIMATE other people's skin. Sorry, Nassim, I still love you tho'. D.A., J.D., NYC
Red in the face and overenunciating his words...Nassim is plastered as all hell
Not sure who designed this stage but it’s pathetic.
LOL!!! Is this irony or hypocrisy?
This "expert" who is trashing all "experts" and every public-servant/government-worker .. how much skin does this man have in the business of governance? I am not saying he is right or wrong.
Hari Mahadevan he was risk manager at wall Street who successfully predicted the 08 crash because he was able to see through the hubris of economists.
he is speaking from experience hence has credibility.
A lady asked a similar question to hi at 51:00
Everyone has skin in the governance, we elect them, their policies and laws are applied on us and we bear the price of their mistakes. He and everyone is an expert since we are the system and system is the expert.
what a terrible host!!
What is Taleb's I.Q. ?
john anderson why is that important ?
I.Q. is important in predicting the performance of the tested person on tasks which are similar to the tasks he performed on an I.Q. test.
I have 100 now I can practice responding to IQ tests every day for a year I will have 200 !!! what is the point ?
Benabbou Aissa I've found that people who are dismissive of IQ as a meaningful index tend to think highly of their own level of intelligence while not actually being as smart as they think they are. IYI's you might say
Pointless question. A person with moderate IQ can have a much deeper understanding of the world than a person with extreme high IQ who can compute faster than everybody. There is something called as Emotional Quotient, which I believe is more important than IQ. For computations, we have computers but to understand how complex systems like global markets work needs a deep understanding based on experience that cannot be something compensated by higher IQ
well, i am skeptic of grand theories applied to all domains. Taleb got
lucky to "predict" the financial crisis and then gone wild extending his
grand concepts ( Antifragile, SITG, Blackswan ) to everything under the
sun.
narrative fallacy and other biases are well known, he is
just a science popularizer. he wraps his writing in philosophical style
to invoke profoundness. remind of post-modern bullshit..
Guy is really smart