An interview of Nassim by Bloomberg TV at the SALT Conference. Nassim explains what people aren’t getting about President Trump, then discusses tail hedging and the current risks in the environment.

Nassim on Bloomberg News

Posted on

May 24th, 2017

Category

Politics, Videos

One of the problems of the interventionista –wanting to get involved in other people’s affairs “in order to help”, while genuinely wanting to do good, results in disrupting some of the peace-making mechanisms that are inherent in human’s affairs, a combination of collaboration and strategic hostility. As we saw in the prologue, the error continues because someone else is paying the price.

I speculate that had IYIs (intellectuals yet idiots) and their friends not gotten involved, problems such as the Israeli-Palestinian one would have been solved, sort of –and both parties, especially

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Medium: Peace: Neither Ink nor Blood

Posted on

May 4th, 2017

Category

Academic, Writing

Skin in the Game is necessary to reduce the effects of the following divergences that arose mainly as a side effect of civilization: action and cheap talk (tawk), consequence and intention, practice and theory, honor and reputation, expertise and pseudoexpertise, concrete and abstract, ethical and legal, genuine and cosmetic, entrepreneur and bureaucrat, entrepreneur and chief executive, strength and display, love and gold-digging, Coventry and Brussels, Omaha and Washington, D.C., economists and human beings, authors and editors, scholarship and academia, democracy and governance, science and scientism, politics and politicians, love and

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Medium Post: On Interventionistas and their Mental Defects

Posted on

May 4th, 2017

Category

Academic, Writing

Writing for Family Capital, David Bain talks about the Lindy Effect, as elaborated upon by Nassim, in terms of family businesses and their longevity.

Could something called the Lindy Effect help to understand why family businesses often survive for so long? Possibly – but one thing is for sure, the Effect offers an intriguing explanation for why some businesses survive longer than others.

The Lindy Effect says that the observed lifespan of a non-perishable item like a business is most likely to be at its half-life. So, if a business is 100 years old, it should expect it to be

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The Lindy Effect and Family Businesses

Posted on

April 11th, 2017

Category

Uncategorized

You who caught the turtles better eat them (Ipsi testudines edite, qui cepistis) goes the ancient adage.

The origin of the expression is as follows. It was said that a group of fishermen caught a large number of turtles. After cooking them, they found out at the communal meal that these sea animals were much less edible that they thought: not many members of the group were willing to eat them. But Mercury happened to be passing by –Mercury was the most multitasking, sort of put-together god, as he was

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Medium Post: Why Each One Should Eat His Own Turtles: Equality in Uncertainty

Posted on

April 11th, 2017

Category

Writing

Nassim will be a featured presenter at the New England Complex Systems Institute’s five day certificate program in Complexity and Data Analytics, Risk & Opportunity, and Implications for Strategy and Policy from May 1-5, 2017, in Washington, D.C. Please visit the site for more details.

Nassim Will Present at the New England Complex Systems Institute

Posted on

March 16th, 2017

Category

Academic, Conferences

When people get rich, they shed their skin-in-the game driven experiential mechanism. They lose control of their preferences, substituting constructed preferences to their own, complicating their lives unnecessarily, triggering their own misery. And these are of course the preferences of those who want to sell them something. This is a skin-in-the-game problem as the choices of the rich are dictated by others who have something to gain, and no side effects, from the sale. And given that they are rich, and their exploiters not often so, nobody would shout victim.

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Medium Post: Only The Rich Are Poisoned

Posted on

March 16th, 2017

Category

Academic, Writing

The best enemy is the one you own by putting skin in his game and letting him know the exact rules that come with it. You keep him alive, in the knowledge that he owes this to your benevolence. The notion that an enemy you own is better than a dead one was perfected by the order of the Assassins, so we will do some digging into the work of that secret society.

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Medium Post: Facta non Verba: How to Own Your Enemies

Posted on

March 16th, 2017

Category

Academic, Writing