Why Ali Horriyat He Gave Up His Hedge Fund Went All In On Mental Health

In 'Fooled by Randomness', Nassim Nicholas Taleb discusses the pervasive influence of chance and randomness in our lives and financial markets. The book argues that humans tend to underestimate the role of luck and overestimate the role of skill, leading to biases such as hindsight bias, survivorship bias, and the narrative fallacy. Taleb emphasizes the importance of recognizing and coping with uncertainty, and he critiques the tendency to seek deterministic explanations for random events. The book is part of Taleb's Incerto series, which also includes 'The Black Swan', 'The Bed of Procrustes', 'Antifragile', and 'Skin in the Game'.

In 'Antifragile', Nassim Nicholas Taleb introduces the concept of antifragility, which goes beyond resilience or robustness. Antifragile systems thrive on volatility, randomness, and stressors, using them as sources of growth and improvement. Taleb contrasts antifragility with fragility, which is harmed by disorder, and robustness, which resists change. The book applies this concept to various domains, including economics, medicine, and personal development. Taleb argues that embracing uncertainty and allowing for controlled exposure to stressors can lead to greater adaptability and long-term success. 'Antifragile' offers a new perspective on risk management and decision-making in an unpredictable world.