If someone were to ask you what is the opposite of fragile you would automatically say antifragile. Thus, if fragile means that something breaks easily then antifragile should ideally mean something that does not break easily. Interestingly, that is not quite accurate. Antifragile is not something that does not break. It's more than that. It's something that benefits from pressure. If you build an antifragile business then you will not only be protected during adversity but will also be able to benefit from it.
Summary:
Nassim Taleb, in his book, ‘Antifragile’ talks about the different systems that are currently there in our society. Some are fragile, some are robust, and some are antifragile. Listen to this Podcast by Edelweiss MF to learn about antifragile systems and how you can create such systems.
Key takeaways:
· Antifragile systems are well-positioned to benefit from external shocks and volatility
· If you create an antifragile system then you will be able to face adversity and bounce back from it, maybe even finding opportunities to turn the adversity into a benefit.
· Nature and human bodies are examples of antifragile systems as they have persisted for millennia.
· Work and industry sectors can also be divided into fragile, robust, and antifragile. People who are mid-level executives at large firms are extremely fragile as their work depends on their reputation.
· To both survive and thrive, you must build an antifragile ecosystem
Taleb’s book opens your eyes to a whole new approach to dealing with adversity and identifying areas of opportunity. You can listen to the podcast on the Edelweiss Mutual Fund website, Spotify, Google Podcasts, and Apple Podcast. We hope you enjoyed this podcast and will tune in to listen to more such podcasts on investing nuggets.