ANTIFRAGILE SUMMARY (BY NASSIM TALEB)
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- čas přidán 21. 05. 2024
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In this video I will present my top 5 takeaways from Antifragile: Things That Gain From Disorder, the bestselling book by the statistician and former trader, Nassim Taleb.
Part 2 of Antifragile: bit.ly/2u5MpAw
Top 5 takeaways:
00:00 Intro
00:52 1. Fragile - Robust - Antifragile
05:13 2. Naïve Interventionism (Bear Favors)
07:37 3. Concavity & Convexity - Detecting What is Fragile and Antifragile
12:04 4. The Answer to the Black Swan Problem
16:50 5. The Barbell Strategy
![Nassim Taleb: How Things Gain from Disorder [Entire Talk]](/img/n.gif)
Part 2 of Antifragile: bit.ly/2u5MpAw
CZcamsr is not anti fragile, they depend on youtube. Some got removed and put down, it all depends on youtube, there was a movement that was said educate and saves young men lives by teaching them female nature it was called ( MGTOW ) lots of them are removed, same thing with twitter.
A realistic antifragile smartphone would benefit from falls by transforming that energy into battery
Tell tesla
Oye hoi hoi hoi
That's awesome. Or a fall could even make the glass stronger.
CZcamsr is not anti fragile, they depend on youtube. Some got removed and put down, it all depends on youtube, there was a movement that was said educate and saves young men lives by teaching them female nature it was called ( MGTOW ) lots of them are removed, same thing with twitter.
Reminds me of the saying "What doesn't kill you makes you stronger"
Exactly that... The overrated book is just a veeeeery long and hard to follow type of intellectual-masturbationary way of Taleb saying the same thing; nothing more nothing less...
@@berkayguner Fair enough, sometimes some people need a book to integrate hat sentence into their existing framework.
Love the way you explained this. Great examples. I honestly found Nassim difficult to understand and this helped a lot. Thanks!
Antifragile is the best thing I've ever read in my whole life. This is literally what I've been looking for..and I'm definitely gonna teach it to my son too
I love this series Erik! Thank you so much for putting it together, you inspired me to goo ahead and make a series of videos on Nassim Taleb as well that I just published on my channel. Fortsätt det fantastiska arbetet bror!
20:12 got me!
- thanks for a great summary. It's an excellent book but it can be sometimes difficult to absorb at once due to the amount of knowledge included - this is where summaries like this fit perfectly.
you are most most most underrated youtuber.
😂😂😂
Thank you so much for making these videos about takeaways and summaries of books on finance.
Glad you like them Susy!
I am going to use this for my high school psychology students. Excellent breakdown of Antifragility.
I love to hear it Jaime Lind! Glad you enjoyed the video! Cheers!
CZcamsr is not anti fragile, they depend on youtube.
Thanks Alot Swedish Investor! Really appreciate what you are doing for us, young generation!
Thanks for sharing. I really think that this antifragile concept is the most important common factor among rich people, apart from habits or self discipline and etc.
True. And not some modern concept, as this is smart-intelligence since ancient times. Marcus Aurelius wrote that "the obstacle in the way is the way", and before that Epictetus wrote "use everything that happens to you".
SI, i love your work. Its so great!
Cheers José! 😁
Thank you for sharing this! You are awesome!
What excellent videos you make. Thank you so much.
Cheers Babi Tong! Glad you like it!
how did I not get this recommended, and got cat videos instead?
Google, do your job. recommend this to me instead of me finding it randomly by searching for Nassim's summaries.
Ahahahah 😁 Glad you enjoy them!
These are awesome! Thanks man!!!
Cheers Totti! 😁🙌
Haha, thanks for the summary man. I read it as well, and I agree its an awesome book
I loved it 👌
I read the book and your summary is accurate! Thank you ☺️
I'm glad to hear it Eelke Johnson! Cheers!
CZcamsr is not anti fragile, they depend on youtube. Some got removed and put down, it all depends on youtube, there was a movement that was said educate and saves young men lives by teaching them female nature it was called ( MGTOW ) lots of them are removed, same thing with twitter.
Stream Anto fragile by LE SSERAFIM
Chaos is a ladder -Petyr Baelish
Excellent summary..
Survival of the Fittest is not about the “better” surviving. It is about the “fit” surviving as in a fit for a given situation.
It’s also about the unfit dying (ie. bad drivers) Skin in the game.
Great video. 💯👏. explained very well
I think you might need to note that this video was made before covid, because it's very easy to think that you recommend avoiding to use anti-septics during the massive spread of the pandemic, before we were able to handle it reasonably well. It's important to note that the bear favours are very much about striking a balance as not protecting your kids at all is probably not a great idea nor is coddling them too much.
This series called "incerto" has changed a lot of things in so many people's life
He is probably one of the greatest thinkers of this era.
thank you so much ! You are bomb
Great summary
AWESOME 👍
Great stuff man !
Wonderful, thank you!
Hey how do you make your videos? Do you use PPT? Great content have subbed. You encourage me to do more sir
Thank you
🙏 Thanks Sir
You rock!
Cheers man! 🤑
Awesome
6:04 Guess the colleague is corona free now.
Good video.
17:00 The Rational Male!! You should do a summary of the Rational Male by Rollo Tomasi
5:54 No one would dare remove that stressor from their lives.
Great video! I find it ironic that Taleb uses quotes from Buffet and Dalio about investing to justify his barbell strategy for investing, meanwhile Buffet and Dalio both didn't invest with barbell strategies at all!
I have been in a bus from Göteborg to Budapest ! I know the kind of ride you are referring to .
Please make video on Zurich Axioms
thanks again... cant afford the book.... just too many important lessons to learn and not afford to pass up.
Knowledge in this video is antifragile.
Could you do a review on the book Wealthy Barber?
It’s on my list 🙌
SI, how do you animate your videos?
Read book + highlight --> Manuscript --> Audio --> Visuals in Videoscribe
Side note: Bear service is identical in German ... and probably french because of this guy‘s fable en.m.wikipedia.org/wiki/The_Bear_and_the_Gardener
Oh, I though it existed in Swedish only ... I wonder why they chose a bear, it doesn't really make sense to me
@@TheSwedishInvestor its in the linked fable. "It relates how a solitary gardener encounters a lonely bear and they decide to become companions. One of the bear's duties is to keep the flies off his friend when he takes a nap. Unable to drive off a persistent fly, the bear seizes a paving stone to crush it and kills the gardener as well."
@@elschumi Ahahaha, that is truly a bear favor. It's even worse than the soccer moms, have to admit that 😁
Same in Russian btw!
Books from the like of Taleb deserve more views.
I agree, this is probably my favorite book of all the ones I've read for the channel to be honest. Not the best for investment perhaps, but some ideas are powerful in investing too, such as the Lindy Effect
@@TheSwedishInvestor I first found out about him from the book "The Art of Thinking Clearly" It's a great book, but it got accused of ripping off Taleb's work a lot.
Sound thinking in general is good for investing imo. So agreed
And here we are, at the black swan years of 2020-21
"Up to a certain point". The point of diminishing returns. The point of failure. At the end of the day then, everything is fragile. Entropy fucks us all, eventually.
How to create these visuals ? Any tool ?
My unpopular opinion is that anti fragility is an oversimplification of how external circumstances impact human behavior, and could potentially be abused to excuse poor behavior.
Interesting, I'm still trying to understand, do you have an example of what you mean?
Great video. But, as Taleb would point out, evolution doesn't always result in better 'genes' or species nor is it a route to 'perfection'.
But iteration is then required. Those who are antifragile engage in a lot of small experiments where they risk small mistakes. The see mistakes as feedback. They learn from this information, and tweak the experiment and try again. Iterative learning uses randomness too, to tune results. Thus the antifragile are experimenters tinkering their way to success. If you're in a situation where you cannot experiment in small ways, you are neither robust or antifragile. You are fragile in that situation, and ultimately will less able to survive random events. This is why seeking absolute stability is dangerous, because it doesn't really exist. Even seemingly stable systems have an element of randomness, as a tool to maintain overall stability. We see this in engineering where tolerances are built in to allow randomness not to disrupt the overall system being built. It's a case of never let the good be destroyed by the perfect. Zero tolerance for randomness weakens any system because it cannot be avoided. To be robust, one must be able to tolerate randomness.
25 seconds in, and I already have questions regarding the antifragility of CZcamsrs.
It's literally a centralized system Taleb rails against in the book. CZcams could update their ToS tomorrow and just delete your account, which would be your version of a black swan event.
Maybe you explain it in the video, but I hope it isn't a comparison to cab drivers or prostitutes.
You are absolutely correct 😊 but remember that antifragility is variable/factor dependent. A human is antifragile to most viruses, but not to being punched in the face. The CZcamsr is antifragile to bad reputation, but not to changes in TOS.
This is how I've taken barbell strategy in technology.
A kind of antifragility can taken from iPhones if you systematically save back-ups on local computers or external hard drives. If you download an app today with a bug that freezes your OS, you can reset the phone with the back-up saved earlier in the month and find other alternatives to the app.
An analogy to robustness could be using a model of smartphone that physically can't be updated to a new OS. You have limited function, but cannot take in errors. My best guess is that this applies to all smartphones, but I'm open to updates (Bayes Theorem, Philip Tetlock).
Man your visuals are amazing but you should consider talking a little bit slower. To talk in a slow, steady pace is a treat of every good teacher.
Thank you Luiz for your feedback, I will try to incorporate it a bit more. I listen to the kindle of the books in 1.5x speed to be able to read them faster and I think I'm a bit influenced by that when I'm creating the videos too haha.
@@TheSwedishInvestor don't worry about it. I listened to this video on 2x speed and it was fine for me!
You said 5 times 20 instead of 20 times 5 and showed exactly the inverted curve for fragility versus velocity. It’s concave upwards not downwards.
Funny, it's "bear favour" in Russian as well. I wonder, in how many languages that expression exists
How do you make the drawings and get them into a video? Probably a dumb question but still. Thanks :)
It’s like the movie “Unbreakable”
TLDR: Make your trades based on risk-reward perspective, not based on probabilities. Markets are uncertain and how uncertain these uncertainties are is also uncertain, hence betting on probability makes less sense if the future is unpredictable itself.
Thanks for the review. I don't reckon a youtuber is a good example of anti-fragile though. Your only threat is not jail; youtube demonetises and censors videos, forcing you to live (and potentially lie) under whatever it considers PC. An anti-fragile youtuber would have to have a second outlet, or soemthing.
Joe G, it's definitely true that a CZcamsr isn't antifragile in all regards. Then again, nothing that I can come up with is, it's always variable dependent. So, while being antifrgile to reputation (up to a certain point, you don't exactly want to get stabbed in the streets), a CZcamsr is fragile to, for example, a bankruptcy of Google ;)
Bear favor is the same in Russian.
If phones could multiply by falling on the ground that would be really scary! There would be clipping real life glitches and free space of the world would end sooner
When helping hurts.
The smartphone example is so shallow and dumb. Is that really in the book?
I don't get it
it's not shallow and dumb, it's antifragile. Now that you attacked it, it became a more exemplary example.
antifragile: "What Doesn't Kill Me Makes Me Stronger"?
@Andre Leite da Silva haha good point. but it's not the point of that saying I suppose
What doesn’t kill you makes you stranger.
LE SSERAFIM
Interesting! I heard about Taleb's theories before, but this is a nice way to demonstrate what it means. Not so sure about some of the examples though... Dropping an iphone to get two?!
Also, you claim that humans are a monogamous species. We're not and I it implies a criticism of people who are not. I'm fine with that, but interestingly I think monogamy can be seen as a robust, or even fragile, but not an antifragile system. It is relatively stable and can resist most outside disruptions, but when it gets put under significant stress, it tends to fail. Singlehood and non-monogamous forms of relationships may be more antifragile. They create support systems where larger groups of people are committed to solving problems, and solving problems they grow stronger bonds, enabling future collaboration. Not perfectly, but certainly something to consider. This after the suggestions by Simon(e) van Saarloos in their book about monogamy.
7:58 lolll
Great vid, but didn't think the example of sexual selection you chose is appropriate. The message(as I interpreted): 'women choose to marry stability, and sometimes cheat with an alpha' reinforces negative stereotypes of women. There are going to be women that cheat on their husbands, but there are many that do not, some don't even care about sex.
Not saying you're intentionally being misogynistic, I'm sure your intentions are in the right place. I think it's important to ask, 'what does it say when I choose this example for my presentation,' because regardless of intent a publicly broadcasted message has an influence. I believe the message in your example reinforces these problematic stereotypes:
The idea of the bitch/unfaithful wife/gf
The idea that relationships are predominately about sex
The idea that everyone normal cares about sex
The idea of women capitalizing on men for security
The idea of the sexual marketplace (a core idea that perpetuates fragility in incel culture)
and more we don't have time for here...
I'm not trying to disparage you in any way. In fact, I'm acting as a stressor to your antifragile views on the institution of discrimination we have. I hope this encourages you to look more into how these ideals are perpetuated in our everyday culture, and I also hope you have a great day
2:42 you example of the Vikings being fragile does not make sense and this is just what I encountered in the book too. Often than not an example is taken out of context and other examples are so incredible intuitive that they don’t deserve to be mentioned at all. The main focus of the book should have been on how to make things Antifragile and not plenty of descriptions and things taken out of context
I AM ANTI~FRAGILE!!⚔️🛡
I am Fragile, but not that fragile. Hideo Nassim Kojima
5:54 didn't age too well, did it? :D
Just kidding though, great video!
Haha, I've totally forgotten about this. I agree with you. I think it is necessary to gain immunity to COVID-19 too though, if we ever wish to go back to normal. At least a certain part of the population has too, I think. Anyways, I leave that to the experts. I'm just trying to invest more money during the bottoms ;)
Anybody watching this in 2020 (during Covid-19 quarantine) from the U.S. and thinking, "Naive interventionism is currently holding the markets up during this pandemic and now things will be worse once the inevitable happens." No? Just me? 😳😅
@The Light Of Man may you please explain?
The weight lifting examples are wrong according to Devon Larrat, a world champion arm wrestler.
2:07 And the first "boring" activity was invented.
Alice Miller called antifragile parenting toxic or poison pedagogy, believing it builds character. Also Ayn Rand
The hand sanitizer thing didn't age well.
Exactly.
key takeaway: "negative comments and thumbsdown boost the youtube algorithm ... I don't know how many times I've been recommended to watch something on the basis of how horrible, cringy, crazy, or just plain bad it supposedly was"
I’m guessing Silver/Gold is the ultimate antifragile investment
youtubers don'w gain from randomness or stress, youtube as a system does.
Definitely CZcams is antifragile in itself! CZcamsrs do as well though. Increase reputation (either bad or good) and they'll have more subscribers. There's a saying in Swedish: "rather infamous than not famous", although it sounds better in Swedish 😉
@@TheSwedishInvestor CZcamsrs was the best example in the video, and made me understand what Antifragile really refers to. I need to reframe an experience in a prophetic cult while traveling, the pastor approached me and told me that god had given me the gift of invisibility. Maybe he was trying to get a new follower?
Your take on this philosophy seems to be quite one sided. Still interesting as an introduction, but as someone not very interested in money as a store of wealth, but only as a measure of value (which to me is an example of an antifragile system for trade that became a fragile system for security by adding a layer of abstraction) it stands out..
In Russian is the same "bear favor"
#Bitcoin
Bro knows hypergamy
Done voted for too many ads.
I would posit that Afghanistan is antifragile.
Lol .... ray dalio should practice wt he preach ......... his fund got fked up now
Lol..for real !!
I really like your Book Summaries, and with only the right intentions I would like to point out that I've noticed some sexist remarks in your videos. Subtle stereotypes like 'the woman securing the beta male and cheating with the alpha male' are not appreciated. I would request you to please review your content for remarks such as this.
Could do without the sound effects
Steal is antifragile
More we strike, stronger it gets.
17:20 randomly straying into MGTOW/red pill territory. God, I love CZcams
To be honest anyone who feels the need to talk about being 'antifragile' and 'resilient' ends up being a redpill freak.
@@someperson9998 why freak?
lol HIIT is so antifragile
7:10 Americans have an expressions for this. "If it isn't broke, don't fix it."
examples are from a fools head, great book tho.
My bitcoin investment strategy is anti fragile, if the price goes up, I make money, if the price goes down, I get to buy bitcoin for cheaper price
The common thing between viking and pewdiepie they are sweedish 🤣🤣🤣🤣🤣🤣
the tyranny of words by stuart chase