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1: Turning Chaos to Your Advantage: Antifragile by Nassim Taleb

Made You Think

CHAPTER

The Bar Bell Approach to Innovation

The bar bell approach for so many things in life applies. If you are looking at opportunity that might only give you a two x or a 50 % return, it's probably not a good investment of time or energy. Another interesting example is like friends and social networks. There's this tendency, especially with facebook and everything, to be right in the middle with a huge swath of people. We're much more tribal than that. And another thing that he really challenges is this idea of plans and stories. The rational flenor is some one who, unlike a tourist, makes a decision at every step to revise his schedule so that can imbibe on new information.

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