Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, Skin in the Game, and The Bed of Procrustes.
Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world.
Just as human bones get stronger when subjected to stress and tension, and rumors or riots intensify when someone tries to repress them, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish.
In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. In Antifragile, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better.
Furthermore, the antifragile is immune to prediction errors and protected from adverse events. Why is the city-state better than the nation-state, why is debt bad for you, and why is what we call “efficient” not efficient at all? Why do government responses and social policies protect the strong and hurt the weak? Why should you write your resignation letter before even starting on the job? How did the sinking of the Titanic save lives? The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. And throughout, in addition to the street wisdom of Fat Tony of Brooklyn, the voices and recipes of ancient wisdom, from Roman, Greek, Semitic, and medieval sources, are loud and clear.
Antifragile is a blueprint for living in a Black Swan world.
Erudite, witty, and iconoclastic, Taleb’s message is revolutionary: The antifragile, and only the antifragile, will make it.
Praise for Antifragile
“Ambitious and thought-provoking . . . highly entertaining.”—The Economist
“A bold book explaining how and why we should embrace uncertainty, randomness, and error . . . It may just change our lives.”—Newsweek
In this overstuffed, idiosyncratic theory of everything we don t know, financial adviser and epistemologist Taleb amplifies his megaselling The Black Swan with further musings on the upside of unpredictable upheavals. Ranging haphazardly across probability theory, classical philosophy, government, medicine, and other topics, he contrasts large, complex, fragile systems that try to minimize risk but collapse under unforeseen volatility with small, untethered, antifragile systems structured to reap advantages from disorder. Taleb s accessible, stimulating exposition of these ideas yields cogent insights, particularly in finance his specialty. (He essentially inflates a hedging strategy into a philosophy of life.) Often, however, his far-flung polymathic digressions on everything from weight-lifting regimens to the Fukushima meltdown or the unnaturalness of toothpaste feel tossed-off and unconvincing, given his dilettantish contempt for expert knowledge-shknowledge. Taleb s vigorous, blustery prose drips with Nietzschean scorn for academics, bankers, and bourgeois sissies who crave comfort and moderation: If you take risks and face your fate with dignity, he intones, insults by half-men (small men, those who don t risk) are no more rankling than barks by non-human animals. More worldview than rigorous argument, Taleb s ramblings may strike readers with knowledge-shknowledge as ill-considered; still, he presents a rich and often telling critique of modern civilization s obsession with security. Illus.