Key Facts and Insights from "Antifragile - Things that Gain from Disorder"
- Concept of Antifragility: The primary concept introduced by Taleb in this book is 'antifragility'. Unlike fragility and robustness, which are adversely affected or remain unaffected by shocks, stressors, and volatility, antifragile systems actually benefit and grow from such disruptions.
- Volatility as a Necessity: Instead of avoiding volatility, randomness, and uncertainty, we should embrace them. They play an essential role in the evolution and improvement of systems, be it natural, economic, or individual.
- Small is Beautiful: The book suggests that smaller, decentralized systems are more antifragile than...