I hope an occult style following does not develop for this book. Much of what he says in his book can be learned by going through David Hume's essay a "An Inquiry Concerning Human Understanding" which is widely available and surprisingly to say, an easier read then Taleb book.
As for this article the only interesting thing said to was "Ignore what you were told by your college economics professor". I agree with this because economist have this notion that theory comes before practice. Often you will see abstract mathematical theories developed first, then secondly attempts to execute then in the world afterwards. Common sense should tell anyone it is the other way around.Successful execution preceeds any good theory.
This is essentially Taleb's point about trial and error, though if you follow that point religiously you end up adopting the concept that theories are of no worth at all, since everything can be reduced down to luck.
In the end even if that maybe true, I still think the idea of things being reducable to luck is a wrong way to approach the challenges that you will face with life. You start to say after this startup failed..."well i was just unlucky", when in fact you should reflect and make sense of your mistakes, rather then just playing it down to some mysterious luck hypothesis that you had no way of influencing.
As for this article the only interesting thing said to was "Ignore what you were told by your college economics professor". I agree with this because economist have this notion that theory comes before practice. Often you will see abstract mathematical theories developed first, then secondly attempts to execute then in the world afterwards. Common sense should tell anyone it is the other way around.Successful execution preceeds any good theory.
This is essentially Taleb's point about trial and error, though if you follow that point religiously you end up adopting the concept that theories are of no worth at all, since everything can be reduced down to luck.
In the end even if that maybe true, I still think the idea of things being reducable to luck is a wrong way to approach the challenges that you will face with life. You start to say after this startup failed..."well i was just unlucky", when in fact you should reflect and make sense of your mistakes, rather then just playing it down to some mysterious luck hypothesis that you had no way of influencing.