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Antifragile - Coggle Diagram

- - - - this personal or intellectual inability to distinguish noise from signal is behind overintervention.
      - In medicine, we are discovering the healing powers of fasting, as the avoidance of the hormonal rushes that come with the ingestion of food. Hormones convey information to the different parts of our system, and too much of them confuses our biology.
      - The best solution is to only look at very large changes in data or conditions, never at small ones.
- - - - Those from whom we have benefited the most aren’t those who have tried to help us (say with “advice”) but rather those who have actively tried— but eventually failed— to harm us.
- - - - For fragility is very punishing, like a terminal disease. A package doesn’t break under adverse conditions, then manage to fix itself when proper conditions are restored. Fragility has a ratchetlike property, the irreversibility of damage.
      - It is easy to identify the fragile and put it in the left column of the Triad, regardless of upside potential— since the broken will tend to stay permanently broken.
      - What matters is the route taken, the order of events, not just the destination— what scientists call a path-dependent property.
      - In other words, if something is fragile, its risk of breaking makes anything you do to improve it or make it “efficient” inconsequential unless you first reduce that risk of breaking.
      - the image of the barbell to describe a dual attitude of playing it safe in some areas (robust to negative Black Swans) and taking a lot of small risks in others (open to positive Black Swans), hence achieving antifragility.
      - If you put 90 percent of your funds in boring cash (assuming you are protected from inflation) or something called a “numeraire repository of value,” and 10 percent in very risky, maximally risky, securities, you cannot possibly lose more than 10 percent, while you are exposed to massive upside.
      - Completely paranoid about certain risks that you are not allowed to take, then very aggressive with others,in which there is no risk of terminal injury.