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> In my personal business experience there were also several instances of "one killer innovation" or "one lucky break" that, we realized both at the time and in
by tazu 2y ago
> In my personal business experience there were also several instances of "one killer innovation" or "one lucky break" that, we realized both at the time and in retrospect, really did "make" the business.
My experience as well. This is why Taleb's writing appeals to me most for "business advice": structure everything to benefit from chaos, and build an environment conducive to tinkering and breakthroughs. Highly recommend his article, "Understanding is a Poor Substitute for Convexity"[1].
[1]: https://www.edge.org/conversation/nassim_nicholas_taleb-understanding-is-a-poor-substitute-for-convexity-antifragility https://www.edge.org/conversation/nassim_nicholas_taleb-unde...
- calmbonsai 2y agoAgreed. His entire Incerto series (as well as all of the background mathematics (and corrections/revisions)) provided gratis at his site are one of my absolute favorite examples of 'modern open scholarship'. Also along a similar vein but with less rigor is Patio11's ongoing "Bits About Money".