Category Archives: Risk Management

Startups and Antifragility

Nassim Taleb is the author of three highly influential books and quite a character. I’ve heard him be variously described as a former options trader, a psychologist, philosopher and flaneur, whatever the hell one of those is (I’m even writing this post in his style now). His thinking on antifragility has two important connotations for entrepreneurs and startups, at the macro and micro level.

Drawing strong similarities with nature throughout the book, Taleb explains antifragility thus:

Some things benefit from shocks, they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.

Continue reading

Hey, I thought you might like to know about my BOOK COMPETITION.

Between now and December 2017, I'm summarising and sharing fortnightly the wisdom that I have gained from my favourite recent reads, as it relates to life and business. The books I've chosen are: The Most Important Thing by Howard Marks, Superforecasting: The Art & Science of Prediction by Philip Tetlock, Team of Teams: New Rules of Engagement for a Complex World by General Stanley McChrystal, Coaching for Performance by Sir John Whitmore and Man's Search for Meaning by Viktor Frankl.

Anyone on my mailing list will get these posts delivered straight to their inbox and then, at the end of the series, be entered into the draw: one subscriber will win fresh copies of all five books and five runners-up will receive one book of their choosing from the series. I'll announce the winners and send out the books in time for Christmas. To be in with a chance, all you have to do is subscribe to my blog below.