Nassim Nicholas Taleb on Accepting Uncertainty, Embracing Volatility

The defining characteristic of future change, according to Nassim Nicholas Taleb, is that it is impossible — and foolhardy — to try to predict it. Nonetheless, the dominant impulse among policymakers and so-called experts is to attempt to reduce volatility rather than deal with it more productively. In his new book, Antifragile: Things That Gain from Disorder, Taleb argues that in order for individuals, institutions, industries¬†and societies to not only survive but also thrive, it is essential to make peace with uncertainty.