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The concept of antifragility: Shockingly Happy

williampeng.com

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Re: The concept of antifragility: Shockingly Happy

#2
Taleb's Antifragile book has a number of direct entrepreneurial references and many other ideas that are relevant but of more general interest (economics, technology, health related, etc). For example, he talks about the concept of options (based upon the financial vehicle) applying in other areas of life. In general if you have something with a small downside potential and large upside potential, it is an option that is antifragile. Learning new technical skills seems to me to fit into this area. By sacrificing a bit of time and a few bucks on training / books / videos you can develop a product that will delight users, address a need in the workplace, or otherwise create value. Limited downside and great potential upside.

Re: The concept of antifragility: Shockingly Happy

#4
I want proof that the "Entitlement Generation" actually exists. I see it talked about everywhere, yet never experience it. Why, exactly, is my generation different from an older generation that thinks it's entitled to social security that a shrinking workforce could never possibly sustain? If we have entitlement problems, our entire society has entitlement problems, not just a bunch of sheltered kids.

Re: The concept of antifragility: Shockingly Happy

#7

I want proof that the "Entitlement Generation" actually exists. I see it talked about everywhere, yet never experience it. Why, exactly, is my generation different from an older generation that thinks it's entitled to social security that a shrinking workforce could never possibly sustain? If we have entitlement problems, our entire society has entitlement problems, not just a bunch of sheltered kids.

This is what one calls anecdotal overload and should set one's bullshit alarms blaring.

No data. No definitions. Just entrepreneurial feel good bullshit.

I stopped reading these types of articles for the purpose of trying to discern any type of value other than trying to understand how delusional people think. There are oh so many of them - I try to make sure I don't get freight trained by them.

Re: The concept of antifragility: Shockingly Happy

#8
"The prototypical entrepreneur is highly risk-seeking to the point of irrationality. A simple cost-benefit analysis would dissuade most people from traveling down this path; yet, the entrepreneur is an entrepreneur because of the risk involved."

If that is his understanding of Taleb's book, then he has misread it completely.

Taleb says the best approach is a dumbell strategy, combining conservative choices with convex options whose downside risk is fixed or finite but whose upside is unlimited.

Re: The concept of antifragility: Shockingly Happy

#9
Rejection Therapy [1] is what I would think a perfect example of antifragility in the wild. [2] People learn to manage their anxiety in stressful social situations and become more resilient to rejection after playing for awhile. Entrepreneurs like Jia Jiang even leverage rejections to launch and grow their startups. [3]

[1] http://rejectiontherapy.com

[2] http://www.theglobeandmail.com/life/health-and-fitness/healt...

[3] http://www.entresting.com/blog/100-days-of-rejection-therapy...

Re: The concept of antifragility: Shockingly Happy

#10
I really hate this "entitled Millennial" schtick. It's complete fucking bullshit. Are there some overprivileged, sheltered assclowns in my generation? Sure, as with every other. The idea that this applies to the whole set is insulting and ridiculous.

Most of us just want a fair shake. We don't want to be given the prize for doing nothing, because that makes it vacuous, but we want a fair opportunity to compete-- not some bullshit meritocracy that has already been set up to make the well-connected rich kids come out the winners. When it comes to excellence, we know that we will have to do the legwork. We just want the entrenched, incompetent morons who are currently in power to get out of the fucking way so we can do something great. We're not asking for a meaningless victory. We're asking to be liberated from the meaningless defeat that most people get.

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