About this Presentation
Prof. Nassim Nicholas Taleb, the world renowned scholar and bestselling author of Black Swan and Fooled by Randomness, presents his latest work on uncertainty, randomness, and disorder (as outlined in his new book titled “Antifragile: Things that gain from disorder”. In this short video message specifically delivered by Nassim Taleb as the keynote to the TOCICO 2015 conference, he shares how, after retiring as an option trader to do full time research, he focused on how to find practical ways to define and measure fragility and identify the conditions that make most systems fragile. Systems that are harmed by volatility are fragile; robust systems are not harmed by volatility. But there are systems which he defines as Antifragile - systems that are not just robust, but actually benefit from volatility. Anti-fragile systems are able to limit the downside of volatility while fully capitalizing on the upside of volatility. Systems that are fragile have limited upside but unlimited downside. As such, fragile systems get weaker stronger over time while anti-fragile systems get stronger. With this new concept, Prof Taleb, challenges us to set even higher goals for our organizations (and ourselves) - the goal should not just be to achieve robustness, but to achieve the status of being Antifragile.
What Will You Learn
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