Gold does not rust, spoil or otherwise decay. But to Nassim Taleb, it is not antifragile.
Gold may be physically durable and culturally indispensable as a store of value over the centuries. Yet the metal doesn’t itself thrive by becoming stronger as a result of the inherent and unpredictable variations in conditions that the world constantly presents.
This distinction hints at the subtle but resonant concept that Taleb (left) explores in his new book, “Antifragile: Things That Gain From Disorder,” the trader-philosopher-professor’s follow-up to the immensely timely and popular – if widely misconstrued – “Black Swan.”
In his first U.S. lecture on the new book – to a group of institutional investors at the Strategas Research Macro Conference in New York on Thursday – Taleb stressed that antifragility is not synonymous with more familiar attributes such as stability, resilience or robustness against threats.
Think instead of natural systems or species that become healthier through and, inRead More »from Gold Not ‘Antifragile’ Enough for ‘Black Swan’ Author