My Takeaways from Reading Antifragile
One important note here. The system often strengthens at the expense of the level below. It is a hierarchy. Our muscles strengthen when the stress from working out damages and kills cells. Antifragility flows like this all the way up.1!
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The author references an interesting point made about the Titanic. Had it not hit an iceberg and sunk, we’d have likely continued making larger ships in the same fashion until one did. That tragedy would no doubt have taken more lives.1!
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In fact, in the 1800’s Ignaz Semmelweis observed that giving birth in a hospital was more dangerous than giving birth at home.1!
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Optionality explains why we are a litigious society. If you sue, the worst that can happen is the court dismisses it or you lose the trial. They could countersue, but usually it’s not worth it. But if you win the trial? You could win incredible sums. We’ve all heard the stories.1!
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When you can structure a situation so that the upsides outweigh the downsides and the downsides are limited, you have optionality.1!
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