Nassim Nicholas Taleb on Antifragility
EconTalk
00:00
How to Avoid a Fire in a Financial Crisis?
Bailout policy of the last thirt years has been about 'putting out every fire as quickly as you can,' he says. When brush starts to build up, it's "the fire of all fires" and is incredibly destructive. The book explains that something that gains from volatility tends to gain from stress,. Something that gains fromvolatility gains from time - so this is quite central in a book.
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