Tuesday, March 9, 2010

Things I learned from Nassim Nicholas Taleb

Author of the Black Swan.

  • We think we're smarter than we are
  • We think things are more organized than they are
  • Luck plays a role in everything, and might be more of a factor in business success than any other variable
  • The most significant socio-economic events of the last century were totally unanticipated
  • It can be easier to predict the future than explain the past
  • Beware of anyone calling themselves an expert - in some disciplines, expertise is not attainable
  • Somehow, it has become allowable for executives to personalize gains and syndicate lossess
  • Hang on for the ride: we've got some doozies coming our way in the next while, and we don't (can't) know what they are

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