The world we live in is different from the world we think we live in - Nassim Taleb
Photo: Edouard Caupeil / Pasco
Ever thought you could be a options trader, a best-selling writer, and a philosopher at the same time?
Nasim Nicholas Taleb has got it right down and his ideas are disrupting economics, science, and politics. But when you read his writings; what he says could have a big impact on your personal life as well, using the idea of optionality. To go short; there is a big difference between what people believe to be true about possibilities and probabilities, and what is actually happening in the real world. Being aware of the difference gives you a great advantage on so-called 'suckers'.
Check out the first video, in which he shares the base of his teachings with another great thinker, Daniel Kahneman, at the New York Library.
In the second video Nassim explains about his latest book, Skin in the Game, which focuses more on who you can trust when it comes to making decisions in life and business. To go short; you can only trust a person who has skin in the game; something to lose when all goes bust.
Nassim Taleb is the mind behind Fooled by Randomness, The Black Swan, and Antifragile, a bestselling series of books on the nature of complexity, randomness, and a world where rare events dominate the landscape.
About Nassim Nicholas Taleb
Nassim Nicholas Taleb is a Lebanese - American essayist, scholar, statistician, former trader and risk analyst whose work focuses on problems of randomness, probability, and uncertainty. His 2007 book The Black Swan was described in a review by The Sunday Times as one of the twelve most influential books since World War II.
Taleb is an author and has been a professor at several universities, serving as Distinguished Professor of Risk Engineering at the New York University Tandon School of Engineering since September 2008. He has been co-editor-in-chief of the academic journal Risk and Decision Analysis since September 2014. He has also been a practitioner of mathematical finance, a hedge fund manager, and a derivatives trader, and is currently listed as a scientific adviser at Universa Investments.
He criticised the risk management methods used by the finance industry and warned about financial crises, subsequently profiting from the late-2000s financial crisis. He advocates what he calls a "black swan robust" society, meaning a society that can withstand difficult-to-predict events. He proposes anti-fragility in systems, that is, an ability to benefit and grow from a certain class of random events, errors, and volatility as well as "convex tinkering" as a method of scientific discovery, by which he means that decentralised experimentation outperforms directed research.
Source: Wikipedia
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