I finished the book at last. Well, I still have to go through the appendices, and I very likely will. Not to mention I want to go back to the start of the book and read it again, to absorb it more fully.
This shit is incredible. I don't understand why this book isn't required reading for every free-thinker out there in the Internet world. If Taleb's ideas about antifragility and optionality alone got into mainstream thought, imagine the sort of world we could have for ourselves.
This book is changing my thinking entirely. It really is. The biggest impact I think it's had on me was in the distinction between Aristotle and Thales of Miletus: Aristotle completed missed the point of Thales' little demonstration of his acumen: Aristotle thought Thales had made a deep study of the seasons and the olive oil markets and concluded it was the right time to invest in olive oil. He got it completely fucking wrong. Thales invested in options to buy/control all the local olive oil presses; it didn't matter whether it was going to be a good season or bad, Thales either benefited from being only minimally harmed (the price of his options) or benefited from maximum advantage (when the crop proved to be amazingly good that year and Thales cleaned up handsomely.) Thales' acumen wasn't in predicting the future, it was in positioning himself so no matter which way the future went he could only suffer minimal harm from future events. This was just mindblowing to me, it detonates the underpinnings of so much predictive thought for the past four hundred years or more.
One subject that occurred to me tangentially on antifragility, and that's Pascal's Wager, i.e. Pascal's reasoning that you lose nothing by worshipping a God who isn't there, so on balance religion is better than not. Leaving aside that Taleb seems to have some approval for some of religion's heuristic approaches to life (via negativa, after all, roughly 7 out of 10 of the Ten Commandments are injunctions to do not rather than do.), it seems the sneering criticism of Pascal's Wager that the Wager is not logically sound also hideously misses the point: Pascal's Wager is about risk management, not logic. Aristotleans have to be right, and therefore the logic must be unimpeachable, which is why a modern academic thinker could never abide Pascal's Wager. Thalesians are content to be wrong most of the time but right when it counts. Pascal's Wager is a heuristic argument for religion, not a law of physics, and it is meant to harness antifragility: your upside is that if you are right about God, you gain everything, and given your downside is death anyway, you lose nothing.
This shit is incredible. I don't understand why this book isn't required reading for every free-thinker out there in the Internet world. If Taleb's ideas about antifragility and optionality alone got into mainstream thought, imagine the sort of world we could have for ourselves.
This book is changing my thinking entirely. It really is. The biggest impact I think it's had on me was in the distinction between Aristotle and Thales of Miletus: Aristotle completed missed the point of Thales' little demonstration of his acumen: Aristotle thought Thales had made a deep study of the seasons and the olive oil markets and concluded it was the right time to invest in olive oil. He got it completely fucking wrong. Thales invested in options to buy/control all the local olive oil presses; it didn't matter whether it was going to be a good season or bad, Thales either benefited from being only minimally harmed (the price of his options) or benefited from maximum advantage (when the crop proved to be amazingly good that year and Thales cleaned up handsomely.) Thales' acumen wasn't in predicting the future, it was in positioning himself so no matter which way the future went he could only suffer minimal harm from future events. This was just mindblowing to me, it detonates the underpinnings of so much predictive thought for the past four hundred years or more.
One subject that occurred to me tangentially on antifragility, and that's Pascal's Wager, i.e. Pascal's reasoning that you lose nothing by worshipping a God who isn't there, so on balance religion is better than not. Leaving aside that Taleb seems to have some approval for some of religion's heuristic approaches to life (via negativa, after all, roughly 7 out of 10 of the Ten Commandments are injunctions to do not rather than do.), it seems the sneering criticism of Pascal's Wager that the Wager is not logically sound also hideously misses the point: Pascal's Wager is about risk management, not logic. Aristotleans have to be right, and therefore the logic must be unimpeachable, which is why a modern academic thinker could never abide Pascal's Wager. Thalesians are content to be wrong most of the time but right when it counts. Pascal's Wager is a heuristic argument for religion, not a law of physics, and it is meant to harness antifragility: your upside is that if you are right about God, you gain everything, and given your downside is death anyway, you lose nothing.
Remissas, discite, vivet.
God save us from people who mean well. -storm