Learning to Love Volatility

Wednesday, November 21st, 2012

Nassim Nicholas Taleb shares his five rules for anti-fragility:

  1. Think of the economy as being more like a cat than a washing machine.
  2. Favor businesses that benefit from their own mistakes, not those whose mistakes percolate into the system.
  3. Small is beautiful, but it is also efficient.
  4. Trial and error beats academic knowledge.
  5. Decision makers must have skin in the game.

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