Nobody reads the disclosures that roll down your computer screen. You click 'I agree' but you don't know what you're agreeing to.
Nassim Nicholas TalebRead
Fragility is the quality of things that are vulnerable to volatility.
Interpretation
Fragility refers to the tendency of certain things to be easily affected or harmed by unpredictable changes.
Nassim Nicholas Taleb's quote emphasizes the concept of fragility, highlighting that some entities, be they ideas, systems, or materials, possess an inherent vulnerability to change and chaos. This insight encourages awareness of the nature of fragility and the importance of building resilience against unpredictable events.
In practice
This quote can be used during a discussion on risk management in financial markets.
Nobody reads the disclosures that roll down your computer screen. You click 'I agree' but you don't know what you're agreeing to.
Those who were unlucky in life in spite of their skills would eventually rise. The lucky fool might have benefited from some luck in life; over the longer run he would slowly converge to the state of a less-lucky idiot. Each one would revert to his long-term properties.
Individuals should think about the worst-case scenarios and plan for them. The world will be crazier than you think it will be. Put money away, and then you can live with much more freedom.
A good maxim allows you to have the last word without even starting a conversation.
A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.
They think that intelligence is about noticing things are relevant (detecting patterns); in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)
If a man gets drunk and goes out and breaks his leg so that it must be amputated, God will forgive him if he asks it, but he will have to hop around on one leg all his life.
You take a step, then another. That's the journey. But to take a step with your eyes open is not a journey at all, it's a remaking of your own mind.
If I have ever made any valuable discoveries, it has been due more to patient attention, than to any other talent
Ther nis no werkman, whatsoevere he be, That may bothe werke wel and hastily.
For my own part, I have never had a thought which I could not set down in words, with even more distinctness than that with which I conceived it.
The million little things that drop into your hands, The small opportunities each day brings, He leaves us free to use or abuse, And goes unchanging along His silent way
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