Tag: business
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How to prepare for Fat Tail events
Today, we live in a complex and interconnected world. Taleb suggests that this connectivity “fattens the tails” which means we will face an increasing amount of potentially very negative events in the future. 1. Embrace Antifragility Over Optimization Taleb warns against “pseudo-efficiency”—chasing short-term gains that leave you vulnerable. For instance, outsourcing everything to one supplier…