Tag: Nassim Nicholas Taleb

  • Adaptability & Actualisation

    “It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change“, Darwin had said, in a more long-winded form. I have been in awe of evolution as a concept for a while now, and have rather prided myself on being adaptive, specially in my work context. In terms of hard skills, I still believe that’s the way to go. However, when dealing with people, both in personal and professional settings, I have realised that it is possible to go overboard on being adaptive.

    A meta prequel before I get to that. On hindsight, I am seeing an evolution in my thinking on this subject. Back in April of last year, I figured out that I am happier when I don’t judge myself.  Later, in October, I realised that there is a correlation, and probably even a causation, between my happiness and the way I treat others. I decided to fix my happiness as my compass. But when I read this post from a couple of months ago, it seems as though I had wandered off the track I had decided on.  (more…)

  • Algorithms of wealth

    Some strange quirk in the cosmic order of things led to Landmark shipping me Piketty’s ‘Capital in the Twenty-First century’ instead of Rana Dasgupta’s Capital! I kept the book (yet to read it though) because economic disparity has been an interest area for a while now, I had touched upon it in the context of AI and job loss in Artificial Humanity. Reading The Black Swan has only accelerated this interest.

    Taleb divides the world  into Mediocristan and Extremistan to point out the extent of predictability in the context. Mediocristan can safely use Gaussian distribution, (bell curve)  but in Extemistan, that’s dangerous. From what I understand, given that there’s no real limit upper limit of scale, individual wealth will increasingly behave in a more Extremistan way. To quote his own example, “You randomly sample two persons from the US population. You are told that they earn jointly a million dollars per annum. What is the most likely breakdown of their income? In Mediocristan, the most likely combination is half a million each. In Extremistan, it would be $50,000 and $950,000.” He states that almost all social matters are from Extremistan. (more…)

  • The evolution of work and the workplace

    I spent Rajinikanth’s birthday  at Jaipur, all thanks to one of my favourite bloggers – Kavi, who, in his official avatar, invited me to his organisation’s annual HR conference. The theme of the conference was Evolve Connect Enhance, and I can honestly say that many of my perspectives were enhanced during discussions about the real  implications and challenges for organisations, brought about by radical changes in the business environment.

    For now, I’ll let the talk do the talking!  (transcript below the ppt) Do comment with your thoughts!

     

    Final Talk Points by manuscrypts

     

    until next time, work it out

  • A new era of work

    Sometime back, I had written about institutional realignment – on how the internet will slowly eliminate the middlemen across industries and disrupt every institution that we have built thus far – political, societal, economical, professional, cultural, health and so on. This would have massive impact on our sense of identity and how we live as a society.

    A couple of weeks back, I read this interesting post at Pando Daily titled “Are we becoming a world without big companies?” The post quoted AngelList founder Naval Ravikant “the world would be increasingly made up of very small startups interacting with each other through APIs. No big corporations.” The corporation, at this point in time, plays a lot of middlemen roles – from our sense of identity to global relations – and continuing from my earlier thought, I think the internet will disrupt this one too.

    Which then makes one think of the workforce currently employed in the corporations – that’s most of us. 🙂 From 3D printing which is poised to disrupt the already shaky manufacturing industry and the not-so-shaky distribution systems to singularity, which will have major implications on our health, education and employment, there are macro changes that will affect us. Even the best minds would not have a definite answer on what/ where the jobs of the future would be. As Ray Kurzweil has stated in this interesting interview, “People couldn’t answer that question in 1800 or 1900 either. ” (when asked about the scene in 2000)

    It then brings me to something I believe will be the key to survive and flourish in the coming age – the willingness and ability to live with uncertainty. In this excellent read in the WSJ titled “Learning to Love Volatility“, Nassim Nicholas Taleb argues that rather than trying to predict black swan events, we should be building institutions that are not fragile and can withstand and even benefit from disorder and unexpected events. Though an institution is the protagonist here, I think there are lessons for individuals too.

    In a way, humans could be considered open APIs that big corporations and governments used to meet their ends, it would be interesting to see a future that reverses this. 🙂

    until next time, be the change….