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halfmanhalfbook 's review for:
Antifragile: How to Live in a World We Don't Understand
by Nassim Nicholas Taleb
Having read Black Swan and Fooled by Randomness a while ago now I was looking forward to this ones as Taleb has a towering mind.
The basic premise in this book is that we all need to be more anti fragile, that is more resistant and resilient to shocks both large and small. He gives the example of small animals being able to absorb the shock from a drop, but large animals suffering because of their size. He favours the artisan producer rather than the mega corporation, and have a massive distrust of large corporations and their marketing.
He argues in here that the current systems, be it banks, governments and academia are all fragile, that is very susceptible to external shocks, and that the systems are geared to magnify these risks. An example if the banking crisis, where the risks taken got greater and greater, and yet those at the banks were bailed out. He thinks that making the traders and banker personally liable will have a major improvement to the global financial market.
Some of this was very hard to read, occasionally unreadable, and I think that the number of examples could have been reduced. A stronger editor would have been able to wrestle this into a much more readable book, and the arguments would have been stronger.
The basic premise in this book is that we all need to be more anti fragile, that is more resistant and resilient to shocks both large and small. He gives the example of small animals being able to absorb the shock from a drop, but large animals suffering because of their size. He favours the artisan producer rather than the mega corporation, and have a massive distrust of large corporations and their marketing.
He argues in here that the current systems, be it banks, governments and academia are all fragile, that is very susceptible to external shocks, and that the systems are geared to magnify these risks. An example if the banking crisis, where the risks taken got greater and greater, and yet those at the banks were bailed out. He thinks that making the traders and banker personally liable will have a major improvement to the global financial market.
Some of this was very hard to read, occasionally unreadable, and I think that the number of examples could have been reduced. A stronger editor would have been able to wrestle this into a much more readable book, and the arguments would have been stronger.