When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, February 28, 2013

How to Profit From Fear, Uncertainty and Doubt (FUD)

How to Profit From Fear, Uncertainty and Doubt in Your Life | Endless Innovation | Big Think: " . . . At the end of the day, the great promise of modernity was to smooth out all the little wrinkles in life. We want an economy that chugs along at a nice little pace every year, even if it means the Fed injecting the monetary system with cheap money every year. We want our personal health to remain fairly constant over time, even if it means consuming more and more pharmaceuticals and other unnatural ingredients. Yet, as Taleb explains throughout his book, it is exactly all these steps that we took to smooth out everyday risk that is making life even more fragile than at any time in history. Modernity is all about seeking out the sleek, smooth and efficient in life, while nature is jagged and fractal-like. Something has to give, especially since the world is so complex and interconnected these days. To profit from fear, uncertainty, and doubt you need to do more than to make yourself "robust" -- you need to make yourself "anti-fragile."

Washington needs to make itself anti-fragile!

    

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