Nassim Taleb discusses Antifragile on Kojo Nnamdi Show

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From the Sept. 11 terrorist attacks to the 2008 financial collapse, many of the most consequential events in recent history caught government and investors off guard. In 2007, Nassim Nicholas Taleb provided a highly influential framework for explaining, and adapting to, these unpredictable shocks to political and financial systems, with his book “The Black Swan.” His latest work, “Antifragile,” expands on his theory of the unknown to explain how we can succeed and thrive in a world ruled by disorder.

Link: http:// the kojonnamdi show. org/ shows/ 2012-12-03/ antifragile- things- gain- disorder

Direct Audio Link: http:// the kojonnamdi show. org/ audio-player?nid= 22510

Matt Ridley reviews Antifragile in The Wall Street Journal

You don’t need a physics degree to ride a bicycle. Nor, Nassim Nicholas Taleb realized one day, do traders need to understand the mathematical theorems of options trading to trade options. Instead traders discover “heuristics,” or rules of thumb, by trial and error. These are then formalized by academics into theorems and taught to new generations of traders, who become slaves to theory, ignore their own common sense and end by blowing up the system. In a neat echo of its own thesis, Mr. Taleb’s paper making this point sat unpublished for seven years while academic reviewers tried to alter it to fit their prejudices.

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http:// online. wsj. com/ article/ … 51100906 . html