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	<title>Mass Observer &#187; Nassim Nicholas Taleb</title>
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	<link>http://www.massobserver.com</link>
	<description>Eyes wide open</description>
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		<title>Inteview with Black Swanster Nassim Nicholas Taleb</title>
		<link>http://www.massobserver.com/2009/02/inteview-with-black-swanster-nassim-nicholas-taleb/</link>
		<comments>http://www.massobserver.com/2009/02/inteview-with-black-swanster-nassim-nicholas-taleb/#comments</comments>
		<pubDate>Tue, 17 Feb 2009 02:33:12 +0000</pubDate>
		<dc:creator>Jay</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Ideas]]></category>
		<category><![CDATA[aesthetics]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Black Swan]]></category>
		<category><![CDATA[chance]]></category>
		<category><![CDATA[Nassim Nicholas Taleb]]></category>
		<category><![CDATA[parties]]></category>
		<category><![CDATA[randomness]]></category>
		<category><![CDATA[scepticism]]></category>
		<category><![CDATA[uncertainty]]></category>

		<guid isPermaLink="false">http://www.massobserver.com/?p=23</guid>
		<description><![CDATA[<a rel="attachment wp-att-26" href="http://www.massobserver.com/2009/02/inteview-with-black-swanster-nassim-nicholas-taleb/nassim-nicholas-taleb/"><img class="alignleft size-thumbnail wp-image-26" title="nassim-nicholas-taleb" src="http://www.massobserver.com/wp-content/uploads/2008/07/nassim-nicholas-taleb-150x150.jpg" alt="nassim-nicholas-taleb" width="90" height="90" /></a>The Times of London has <a href="http://business.timesonline.co.uk/tol/business/economics/article4022091.ece">a great interview with Nassim Nicholas Taleb</a>, the guru of uncertainty and author of  <a href="http://www.amazon.com/gp/product/1400063515?ie=UTF8&#38;tag=massobse-20&#38;linkCode=as2&#38;camp=1789&#38;creative=9325&#38;creativeASIN=1400063515">The Black Swan: The Impact of the Highly Improbable</a><img style="border:none !important; margin:0px !important;" src="http://www.assoc-amazon.com/e/ir?t=massobse-20&#38;l=as2&#38;o=1&#38;a=1400063515" border="0" alt="" width="1" height="1" />. The Black Swan is a great book, and especially valuable as a wake-up call to the critical importance of randomness and uncertainty in the modern world. And Taleb has proved very prescient in his prediction several years ago of all the trauma our economy is currently mired in...]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-full wp-image-26" title="nassim-nicholas-taleb" src="http://www.massobserver.com/wp-content/uploads/2008/07/nassim-nicholas-taleb.jpg" alt="Nassim Nicholas Taleb" width="200" height="222" />The Times of London has <a href="http://business.timesonline.co.uk/tol/business/economics/article4022091.ece">a great interview with Nassim Nicholas Taleb</a>, the guru of uncertainty and author ofÂ  <a href="http://www.amazon.com/gp/product/1400063515?ie=UTF8&amp;tag=massobse-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1400063515">The Black Swan: The Impact of the Highly Improbable</a><img style="border:none !important; margin:0px !important;" src="http://www.assoc-amazon.com/e/ir?t=massobse-20&amp;l=as2&amp;o=1&amp;a=1400063515" border="0" alt="" width="1" height="1" />. The Black Swan is a great book, and especially valuable as a wake-up call to the critical importance of randomness and uncertainty in the modern world. And Taleb has proved very prescient in his prediction several years ago of all the trauma our economy is currently mired in.</p>
<blockquote><p>&#8230;The world is random, intrinsically unknowable. â€œYou will never,â€ he [Taleb] says, â€œbe able to control randomness.â€</p>
<p>To explain: black swans were discovered in Australia. Before that, any reasonable person could assume the all-swans-are-white theory was unassailable. But the sight of just one black swan detonated that theory. Every theory we have about the human world and about the future is vulnerable to the black swan, the unexpected event. We sail in fragile vessels across a raging sea of uncertainty. â€œThe world we live in is vastly different from the world we think we live in.â€</p></blockquote>
<p>The book &#8212; like Taleb &#8212; is also very funny, in a cracking-jokes-while-The-Titanic-sinks sort of way. The Times article is a good introduction to Taleb, his ideas, and the effect they&#8217;re having these days. We&#8217;ll skip here right to the end of the article:</p>
<blockquote><p><strong>Taleb&#8217;s top life tips</strong></p>
<ol>
<li> Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.</li>
<li>Go to parties. You canâ€™t even start to know what you may find on the envelope of serendipity. If you suffer from agoraphobia, send colleagues.</li>
<li>Itâ€™s not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves and their knowledge too seriously.</li>
<li>Wear your best for your execution and stand dignified. Your last recourse against randomness is how you act â€” if you canâ€™t control outcomes, you can control the elegance of your behaviour. You will always have the last word.</li>
<li>Donâ€™t disturb complicated systems that have been around for a very long time. We donâ€™t understand their logic. Donâ€™t pollute the planet. Leave it the way we found it, regardless of scientific â€˜evidenceâ€™.</li>
<li>Learn to fail with pride â€” and do so fast and cleanly. Maximise trial and error â€” by mastering the error part.</li>
<li>Avoid losers. If you hear someone use the words â€˜impossibleâ€™, â€˜neverâ€™, â€˜too difficultâ€™ too often, drop him or her from your social network. Never take â€˜noâ€™ for an answer (conversely, take most â€˜yesesâ€™ as â€˜most probablyâ€™).</li>
<li>Donâ€™t read newspapers for the news (just for the gossip and, of course, profiles of authors). The best filter to know if the news matters is if you hear it in cafes, restaurants&#8230; or (again) parties.</li>
<li>Hard work will get you a professorship or a BMW. You need both work and luck for a Booker, a Nobel or a private jet.</li>
<li>Answer e-mails from junior people before more senior ones. Junior people have further to go and tend to remember who slighted them.</li>
</ol>
</blockquote>
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