Admittedly, it contained more jargon than the book itself and was a bit tough for me to follow, but I think I can take something away from it. Once I finish Antifragile I’ll read that post again.
I guess what’s happening is that I’m rather convinced by each author as I’m reading him. I don’t know how to step back and look at evidence for their claims, as I’m unfamiliar with finance, and the evidence that that do present I don’t really understand.
I am quite confident, afterr reading the book and the blog post, that both Taleb and Falkenstein are very confident about their positions and their intellect.
Thanks. There’s certainly a problem with Taleb’s lack of specificity. He says the world is heading for trouble because high status people don’t get negative reinforcement, but his advice is “have courage”.
He’s middling wrong with his theory that there should be more aggressive treatments used on sicker people. This is reasonable within some range, but it also leads to torturing the dying.
On the other hand, I believe he’s right that higher populations lead to less predictable behavior.
Eric Falkenstein wrote a good review here.
Thanks for pointing this out.
Admittedly, it contained more jargon than the book itself and was a bit tough for me to follow, but I think I can take something away from it. Once I finish Antifragile I’ll read that post again.
I guess what’s happening is that I’m rather convinced by each author as I’m reading him. I don’t know how to step back and look at evidence for their claims, as I’m unfamiliar with finance, and the evidence that that do present I don’t really understand.
I am quite confident, afterr reading the book and the blog post, that both Taleb and Falkenstein are very confident about their positions and their intellect.
Thanks. There’s certainly a problem with Taleb’s lack of specificity. He says the world is heading for trouble because high status people don’t get negative reinforcement, but his advice is “have courage”.
He’s middling wrong with his theory that there should be more aggressive treatments used on sicker people. This is reasonable within some range, but it also leads to torturing the dying.
On the other hand, I believe he’s right that higher populations lead to less predictable behavior.