[THE DIGITAL FACTORY] Nassim Nicholas Taleb on Antifragile

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Күн бұрын

Nassim Nicholas Taleb, best-selling author of Antifragile and Black Swan, discusses the properties of systems that can handle disorder. See more sessions: bit.ly/3lmrb8d
#thedigitalfactory #antifragile #nassimtaleb
Best-Selling Author of The Black Swan: The Impact of the Highly Improbable Nassim Nicholas Taleb spent 21 years as a risk taker (quantitative trader) before becoming a researcher in philosophical, mathematical and (mostly) practical problems with probability.
Taleb traveled the conventional route of education to real-life and theory to practice in inverse sequence from the common one, moving from the practical to the philosophical to the mathematical. He started as a trader, then got a doctorate in mid-trading career; he wrote literary books before writing technical papers, and his work became progressively more technical and formal with time.
Taleb is the author of a multivolume essay, the Incerto (The Black Swan, Fooled by Randomness, Antifragile, and Skin in the Game) covering broad facets of uncertainty. It has been published into 41 languages. In addition to his trader life, Taleb has also written, as a backup of the Incerto, more than 70 scholarly papers in mathematical statistics, quantitative finance, statistical physics, philosophy, ethics, economics, & international affairs, around the notion of risk and probability (grouped in the Technical Incerto).
Taleb is currently Distinguished Professor of Risk Engineering at NYU's Tandon School of Engineering (only a quarter time position) and scientific advisor for Universa Investments. His current focus is on the properties of systems that can handle disorder ("antifragile"). Taleb refuses all honors and anything that "turns knowledge into a spectator sport."
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In May 2022, Formlabs hosted The Digital Factory conference in Boston. It brought together global leaders in manufacturing, engineering, product design, and more with the goal of discussing the future of manufacturing.
Global manufacturing continues to transform into an increasingly automated and digitized global network, and the last two years have further accelerated that transition.
This transition has introduced new questions about the future of manufacturing, so we brought together some incredible speakers to address them, including:
-Nassim Nicholas Taleb, Author, The Black Swan and Antifragile
-Carl Bass, Former CEO, Autodesk
-Dr. Nadia Shouraboura, Executive, Amazon, Ocado
-Max Lobovsky, Co-Founder and CEO, Formlabs
🔵 Check Out Other The Digital Factory Sessions: bit.ly/3lmrb8d
⚫️ Learn More About The Digital Factory: bit.ly/3la2Z90
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Пікірлер: 82

@Formlabs 2 жыл бұрын

🔵 Check Out Other The Digital Factory Sessions: bit.ly/3lmrb8d ⚫ Learn More About The Digital Factory: bit.ly/3la2Z90

@elliotpolanco159 Жыл бұрын

Simply language for mathematical concepts = a real genius, and teacher, unlike some using high powered terms

@kaimarmalade9660 Жыл бұрын

I'm a musician and I've only just realized that despite feeling, "insecure" in many ways that realistically that really the underlying approach I've fallen into is, "Extremistan;" I might write 1000 songs in my life. If I write one, "Wonderwall" it will justify the other 999 and that's not considering that I get a significant amount of satisfaction from each, "miss." The trick is embracing the, "long haul" and not employing fragile, "I need this to work for this to work for this to come to fruition..." strategies to create an income. #Economics #For #Creatives.

@mikestarks8464 9 ай бұрын

His book "Fooled by Randomness" was a game changer.

@salv02 2 жыл бұрын

Nassim Taleb is a legend !!

@3ZOZ1KSA1BOY 2 жыл бұрын

Nassim should be a stand up comedian 😂every line or two he has a joke 😂 the man is a legend.

@rahulkakkarscience 9 ай бұрын

1) a big reason why you should break big goals into small steps. Because size is related to antifragility. 2) the more you like uncertainty(disorder/timek means the more antifragile you are. 11:45 3) if u give less resources(aka stress), they upregulate(grow). 28:30

@werr3r 5 ай бұрын

That's the only part I don't totally agree with Taleb: aren't there a lot of small countries without sources that are not like Singapure? So why didn't all these countries achieve the same success?

@jax10x Жыл бұрын

His writing changed my thinking forever.

@carolyneg3780 Жыл бұрын

How is that? Was it the book Antifragile?

@YellowshortsMan Жыл бұрын

youtube is the best university in history, and its free! :)

@nuranur4093 Жыл бұрын

Upregulation 😮 when you upregulate yourself as a reaction to outside or inside stressors, that’s how I understand this beautiful concept 😃

@khadramohamed8367 Жыл бұрын

I think I now have a solid hypothesis of what causes autism, thanks to this speaker!

@yeatdagoat173 Жыл бұрын

lmaooo. he is very all over the place

@shakir4429 Жыл бұрын

That luggage bag example is too good

@user-ou8pe9it8j Ай бұрын

Loved his book❤. *"Fooled by Randomness" *

@alex-craft Жыл бұрын

Suitcase on weels werent discovered earlier because there were no flat roads. Try using suitcase with weels on stone roads (sett paving) road.

@kennyadesodun8166 Жыл бұрын

Really? No flat roads until 1970??

@lesleyjohnson8488 3 ай бұрын

I guess everything was covered with shag carpet until ‘85 😂

@koichitoyama6859 Жыл бұрын

37:23 excellent point

@gerardds3102 2 жыл бұрын

Taleb is the GOAT and has the fattest tail of all!

@totalhorse6987 Жыл бұрын

The Sioux had suitcase technology without the wheel. A wheel wouldn't have worked. They would use two poles and wrap things up and drag it like a very long single person operated stretcher. It was efficient.. They called it a Sioux-Case. Carried a lot of stuff. We have yet to invent the more obviously ergonomic two-handed design developed on the plains many years ago. Two wheels, two handles. Forward posture. It would improve lifting posture. One handed suitcases on wheels are a snapshot of how we almost get it. We almost get it. Almost. Now just...

@patriciamay5521 Жыл бұрын

😂😂😂

@Kannot2023 Жыл бұрын

Fragil is an instable system, antifragil can be asimptotic stable system. Our body tries to optimize every time. Stressors show the direction of the optimisation. An system that is not optimising itself is not antifragil.

@AbdoKesserwani Жыл бұрын

Legend Taleb

@michaelfieldssportsbettor9590 Жыл бұрын

Post tramatic growth..why am I just now learning this .

@Learna_Hydralis Жыл бұрын

kzfaq.info/get/bejne/m5OfpcJ1kteyoYE.html

@animeshpatel8398 2 жыл бұрын

Date of video?

@chrismuir5541 Жыл бұрын

Anyone have links or references to the research he mentions about variance in earnings/cash flow and bankruptcy? Thanks in advance

@parmi4u Жыл бұрын

He publishes all of his research and mathematical research

@michaelfieldssportsbettor9590 Жыл бұрын

Fascinating biz bankruptcy indicator

@werr3r 5 ай бұрын

I love all the talebian's phylosophy. Congratulations for such magnific insights. About Singapure, I do think Taleb is not respecting his own phylophy, because when you point the reasons why Singapure is well succeeded, aren't you buring the other loosers countries with the same features of Singapure? Sorry for the bad English, I don't pratice too much. I would appreciate to get an answer, but I understand it's quite difficult! So thanks a lot anyway!

@youngsouljava2107 Жыл бұрын

Trauma is good for you...but up to the point! Otherwise, you will break down instead of growing. The real question is, every body will have a different breaking point and we need to know that.

@gchristopherw Жыл бұрын

Were you saying something? I couldn't hear it due to the deafening drone of the ego.

@LGseeker Жыл бұрын

I pushed an elephant at the zoo yesterday to test its antifragility.

@ReflectionOcean Жыл бұрын

What products or services improve with use or stress? What business models that benefit from shocks or disruptions in the market?

@no_more_spamplease5121 7 ай бұрын

Medicine and funeral services. The more old and sick people, the more money is generated. 📈

@Rixnex Жыл бұрын

Is this new?

@ReflectionOcean Жыл бұрын

Low variance of cash flows is a sign of a failing company. Low heart rate variation is an indication of health problem.

@thierrylandrieu7441 Жыл бұрын

I believe that Nassim Taleb is really a genius - just my opinion - but no real mastery of biology ... especialy of epidemies . Viruses are one thing , social conditions an other thing . But as he himself says , it does not matter , you can build beautifully on errors . Especialy pharmaceutical companies .

@GTMarmot Жыл бұрын

I am sure he is not a genius - there is a lot of self-referencing and brainstorming in his books. I agree he is not an epidemiologist, and this is where the flaws in his models and his reasoning were really exposed, in 2020 and 2021.

@thierrylandrieu7441 Жыл бұрын

@@GTMarmot well , check any " genius" life and there won't be any genius left . Just meant he was able to show some game changing ideas . And he said the pandemic was no black swan at all .... but didn't understand that the public response ( lock downs , anti virus masks , and mandates for experimental medical technologies ) was a black swan , in as much as this had never happened before and did cost trillions .

@GTMarmot Жыл бұрын

@@thierrylandrieu7441 OK, I will respect the fact that we don't see the same thing. I think he just shorted everything with leverage in the 80s, using expiring puts. He lost manageable amounts of money consistently, then got lucky and made it big in the stock market crash of 1987. This is not genius - this is just luck. Since then, the idea of barbell, assymetry, extremistan, fragility, black swan, etc. has been a lot of sophistry to justify getting lucky with expiring puts (only available to a trader) and likening them to insurance. He is very far from a genius. Learns languages without needing to know grammar, etc. This is why no model of his works.

@thierrylandrieu7441 Жыл бұрын

@@GTMarmot you are more knowledgeable than me in financial matters , that seems pretty sure . Lucky he certainly was . I mainly apply his ideas in biology .... and in the explanation of the fact that no models can work out of the very short term in complex systems . And I love when he rants about administration and incompetent use of statistics .

@kevinsutube1p528 Жыл бұрын

@@GTMarmot he's famous not cause of everything you just mentioned and the money he made in 1987(all just completely lucky, according to you), but because of predicting the recent financial collapse of 2007/2008.

@pas9ify Жыл бұрын

PTGO = Post Traumatic Growth Order?

@user-gs7ur6py8w Жыл бұрын

too smart to follow

@miraabel7012 7 ай бұрын

24:58 post traumatic growth 👍

@Blakiedoo Жыл бұрын

me when i listened to antifragile by le sserafim for the first time

@Sanathvarma Жыл бұрын

15:52

@blackfeatherstill348 2 жыл бұрын

Is the Russian economy anti-fragile?

@therock4301 Жыл бұрын

upto a point !

@programmer1840 Жыл бұрын

Low debt to GDP ratio. I believe that's what allowed Putin to go to war. I also believe that Putin took advantage of the fact that energy prices had gone up post-covid, so yes they are anti-fragile in this regard - they positioned themselves such that they benefited from uncertainty.

@kevinsutube1p528 Жыл бұрын

@@programmer1840 they're not. they're a desperate , failing state with awful land.

@Bob-jn8gt Жыл бұрын

Too reliant on commodity prices

@dziugas6795 Жыл бұрын

tough crowd.

@GingerDrums Жыл бұрын

Im sure he has a huge tail

@thelewisandlucaspodcast6020 Жыл бұрын

Here is a podcast we did on NN Taleb recently. Worth checking out: kzfaq.info/get/bejne/bLGZf9t6s5bWnJ8.html

@michaelfieldssportsbettor9590 Жыл бұрын

Curious of this man's IQ..

@GingerDrums Жыл бұрын

IQ is more insightful on the lower bounds than the higher bounds, meaning it tells you more about low intelligence than high.

@maximus6452 Жыл бұрын

He wrote a paper in which he proved that IQ is a fraud.

@mikehanna5221 Жыл бұрын

Disorder bros

@Oregon-Aquascaping Жыл бұрын

Taleb is a genius. This interviewer is really really weak.

@GTMarmot Жыл бұрын

This guy just gives the same lecture over and over. He has surely done it over a thousand times. He makes the most basic points about assymetry of risk and multiplicative/accelerative harms, as if he were dropping pearls of wisdom from the ancients. But there's nothing behind it and all his models turn out to be flawed. One of the most absurd ones is where he "proves" that Covid causes reduction in life expectancy every year.

@Kannot2023 Жыл бұрын

Till the invention of penicillin, the life expectancy in US was around 40 yrs. After penicillin it jumped to over 65 yrs. With microbes you have less life expectancy, without you have more. SARS virus is a microbe. Even a common cold can reduce your life expectancy if it is often, because when you are I'll, you don't exercise, and overall health declines.

@GTMarmot Жыл бұрын

@@Kannot2023 That was not the point that this guy made.

@dennykeaton9701 4 ай бұрын

Incorrect

@bilfleming9036 Жыл бұрын

His ideas may be brilliant. His presentation skills are poor.

@MeAlireza 6 ай бұрын

interesting ideas and a very bright man but very poor presentation

@1Esteband Жыл бұрын

It is obvious that Nassim put little or no effort to prepare for this speech. The guy is super smart but this was a money grab. Disappointing :(

@jeanshawn Жыл бұрын

No, you need to listen harder. This is how he writes and delivers any of his talks. If you book taleb this is exactly what you know you get. Its a filter for lazy listeners. 😂

@s_s5578 Жыл бұрын

To much russia words here... russia, russia, soviet russia ...:))

@vodilapro6306 Жыл бұрын

Спросите у жалкого раба системы, сколько денег сберегли его соотечественники ,если не слушали его бред,а инвестировали в биткоин,с 2017 биткоин вырос в 25 раз,а на сколько упал ливанский фунт?

@aleks.l394 6 ай бұрын

он там не живет и в этой валюте деньги не держит. Ты совсем глупенький чтоль? Небось с россиюшки

@vodilapro6306 6 ай бұрын

@@aleks.l394 Он выступал на симпозиуме в Ливане перед своими соотечественниками ,жалкий тупой тип, который живёт на подачки правительственных организаций,а вы научитесь общаться с людьми, корректно без оскорблений.

@aleks.l394 6 ай бұрын

@@vodilapro6306 я на твоем языке тебе ответил. Видимо твой любимый биточек обругали, вот ты обиделся. Ну тогда лучше конструктивно обьясни. И кстати говоря, на битке немеренное количество людей деньги потеряли, мой сладенький. Вырос то да, а вот сколько заработало...

@vodilapro6306 6 ай бұрын

@@aleks.l394 А как можно адекватному человеку потерять на биткоине,циклы просчитаны ,но в любом случае, ливанский фунт упал, более чем в сто раз и люди слушая этого профессора потеряли биткоин в прошлом цикле падал после пика 2017 ,19400 был на минимуме в декабре 2018 2900 долларов,те хто не продал в 2021 мог продать за 69000 , есть цикличность которая зависит от халвинга,а на счёт черного лебедя Талеба,почему он не говорит о черном лебеди для правительств стран они долгов набрали в три раза больше,чем в природе есть денег на планете Земля.